Earticle

초록

영어

The capital cost of the company is one that must be paid to the money owner as the price by using the money. The capital cost according to the source of money supply can be estimated by the expected profit rate undertaken by the use of the capital. But in the area of pre-existent economic evaluation, the evaluation of the company investment has been treated by the profit rate of the capital after considering the repayment conditions of the other's money or the interest. Thus in this study, in case the company makes an investment on various kinds of the capital at the same time, not make use of the capital as a one source, the economic evaluation of an investment should be handled by taking the weighted average cost of capital into consideration in proportion to the constitution of the capital cost by the sources of money supply, Especially, as the cost of the private money is very much connected with the profit rate through the stock market, the Capital Asset Pricing Model (CAPM) will be applied. This kind of economic evaluation method can be said to have much to do with the Economic Value Added : EVA) as well as to be highly thought as a standard to estimate the company' value recently To certify the usefulness of this approach, the case study of the output of the capital cost will be made for the purse of the economic evaluation of the alternative investment by using the financial statements of a motor company H.

목차

Abstract
 1. 서론
 2. 자기자본을 고려한 경제성평가의 필요성
  2.1. 기존의 경제성평가기법
  2.2. NPV와 IRR의 비교
  2.3. 가중평균자본비용의 필요성
 3. 가중평균자본비용(Weighted Average Cost of Capital)의 산출
  3.1. 가중평균자본비용의 추정요소
  3.2. 자기자본비용의 추정
  3.3. 타인자본비용의 추정
  3.4. 가중평균자본비용의 산출
 4. 사례 연구
 5. 결론
 6. 참고문헌

저자

• 김태성 [ Kim Tae Sung | 남서울대학교 산업환경시스템공학부(산업공학전공) ]
• 구일섭 [ Koo Il Seob | 남서울대학교 산업환경시스템공학부(산업공학전공) ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  대한안전경영과학회지 [Journal of Korea Safety Management & Science]

• 간기

  계간

• pISSN

  1229-6783

• eISSN

  2288-1484

• 수록기간

  1999~2025

• 십진분류

  KDC 530 DDC 620