{"text_format":"1","workbook":"xls","n_sheets":5,"sheets":["长期借款","债券","普通股","留存收益","加权平均"],"not_rendered":{"charts":0,"images":0,"macros":0,"external_links":0,"defined_names":0,"comments":0,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900","formulas":"cached_only"}

{"sheet":"长期借款","index":0,"n_rows":6,"n_cols":2,"rows_kept":6,"cut":false,"hidden":false,"merged":[[0,0,0,1]],"flags":["formulas_cached_only"]}
["长期借款成本"]
["年利率",0.12]
["所得税率",0.33]
["费用率",0.005]
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["长期借款资本成本",0.0808040201005025]

{"sheet":"债券","index":1,"n_rows":7,"n_cols":2,"rows_kept":7,"cut":false,"hidden":false,"merged":[[0,0,0,1]],"flags":["formulas_cached_only"]}
["债券成本"]
["票面利率",0.1]
["所得税率",0.33]
["费用率",0.015]
["债券筹资额",50000]
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["债券资本成本",0.06802030456852791]

{"sheet":"普通股","index":2,"n_rows":7,"n_cols":2,"rows_kept":7,"cut":false,"hidden":false,"merged":[[0,0,0,1]],"flags":["formulas_cached_only"]}
["普通股成本"]
["当期发放股利额",10]
["普通股市价",60]
["普通股利年增长率",0.08]
["筹资费用率",0.05]
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["普通股资本成本",0.2694736842105263]

{"sheet":"留存收益","index":3,"n_rows":6,"n_cols":5,"rows_kept":6,"cut":false,"hidden":false,"merged":[[0,0,0,1],[0,3,0,4]],"flags":["formulas_cached_only"]}
["股利增长模型",null,null,"资本资产定价模型"]
["当期发放股利额",10,null,"无风险报酬率",0.1]
["普通股市价",60,null,"股票系数",1.8]
["普通股利年增长率",0.08,null,"平均风险股票必要报酬率",0.15]
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["留存收益资本成本",0.26,null,"留存收益资本成本",0.19]

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["加权平均资本成本"]
["筹资方式","金额（元）","资本成本","比重","比重*资本成本"]
["长期债券",500000,0.042,0.5,0.021]
["长期借款",100000,0.035,0.1,0.0035000000000000005]
["普通股",150000,0.15,0.15,0.0225]
["保留盈余",250000,0.155,0.25,0.03875]
[]
["长期资金",1000000]
[]
["加权平均资本成本",null,null,null,0.08574999999999999]
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