Cost of Capital: Estimation and Applications (CPA Practice Guide): Shannon P. Pratt
Cost of capital estimation has long been recognized as the most critical element in business valuation, capital budgeting, feasibility studies, and corporate finance decisions. Renowned author and valuation expert Shannon Pratt addresses the most controversial issues and thorny problems in estimating the cost of capital and offers sensible solutions.
From the Publisher
Cost of capital refers to the cost of borrowing money for the purpose of raising funds and the effect of that acquired debt on shareholder’s or owner’s equity. This book develops a more defined method of calculating the true cost of capital with regard to equity valuation.