8. The Gearing Company has an after-tax cost of debt capital of 4 percent, a cost of preferred stock of 8 percent, a cost of equity capital of 10 percent, and a weighted average cost of capital of 7 percent. Gearing intends to maintain its current capital structure as it raises additional capital. In making its capital-budgeting decisions for the average-risk project, the relevant cost of capital is: A. 4 percent. B. 7 percent. C. 8 percent. 麻烦老师讲解一下，谢谢！

Additional information: Equity risk premium, Sweden 4.82 percent Risk-free rate of interest, Sweden 4.25 percent Industry debt-to-equity ratio 0.3 Market value of Kruspa’s debt €900 million Market value of Kruspa’s equity €2.4 billion Kruspa’s equity beta 1.3 Kruspa’s before-tax cost of debt 9.25 percent China credit A2 country risk premium 1.88 percent Corporate tax rate 37.5 percent Interest payments each year Level 13. Using the capital asset pricing model, Kruspa’s cost of equity capital for its typical project is closest to: A. 7.62 percent. B. 10.52 percent. C. 12.40 percent. 请老师帮我讲解一下，我找不到公式Ks=rf+beta(rm-rf)中的rm是哪个？谢谢！

老师，这道原版书后题的答案我不是特别明白，因为题干里说了是先付年金，但是答案好像是按照后付年金计算的，想请您再帮忙解答解答，多谢！

老师请问34题为什么选C？不是说用FVmodel的话记账方式应该记在OCI里吗？

第2题a哪里不对

在道德里面，IVB的additional compensation不是说要提前disclose且获得written consent。那怎么跟IB的objective比较呢。IB是说事前事后都可以disclose的。那如果遵循更严格要求的话 那应该如何选择呢

54-27这个题目是蒙对的，请解答。

54-26这个题目我用11.470-8得到选项B

54-24这个题目不是选A么？

54-23这道题请讲解下