agency cost: EZC - k L (EZC:ecfconst = 293.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 293.000000 (12.89143) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  28.954605 ( 1.27395)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
  0.0000 0.00000   0.05625 0.00000  0.05625  0.05625  126.0406   0.0000 126.0406
 dbratio     ROA    ROA1
 0.00000 0.10228 0.08802

agency cost: EZC - k L (EZC:ecfconst = 302.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 302.000000 (13.28741) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  29.843995 ( 1.31308)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
  0.0000 0.00000   0.05625 0.00000  0.05625  0.05625  129.9121   0.0000 129.9121
 dbratio     ROA    ROA1
 0.00000 0.10228 0.08802

agency cost: EZC - k L (EZC:ecfconst = 309.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 309.000000 (13.59540) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  30.535744 ( 1.34351)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
  0.0000 0.00000   0.05625 0.00000  0.05625  0.05625  132.9233   0.0000 132.9233
 dbratio     ROA    ROA1
 0.00000 0.10228 0.08802

agency cost: EZC - k L (EZC:ecfconst = 315.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 315.000000 (13.85938) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.128671 ( 1.36960)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
  0.0000 0.00000   0.05625 0.00000  0.05625  0.05625  135.5043   0.0000 135.5043
 dbratio     ROA    ROA1
 0.00000 0.10228 0.08802

agency cost: EZC - k L (EZC:ecfconst = 320.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 320.000000 (14.07937) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.622777 ( 1.39134)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
  0.0000 0.00000   0.05625 0.00000  0.05625  0.05625  137.6552   0.0000 137.6552
 dbratio     ROA    ROA1
 0.00000 0.10228 0.08802

agency cost: EZC - k L (EZC:ecfconst = 293.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 293.000000 (10.44129) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  28.954605 ( 1.03182)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
265.0000 0.16676   0.07885 0.05601  0.05738  0.03369    9.4379 147.6183 157.0562
 dbratio     ROA    ROA1
 0.93991 0.06648 0.06434

agency cost: EZC - k L (EZC:ecfconst = 302.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 302.000000 (10.68632) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  29.843995 ( 1.05603)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
265.0000 0.10753   0.07483 0.05546  0.05696  0.03394   12.6411 150.4999 163.1410
 dbratio     ROA    ROA1
 0.92251 0.06550 0.06352

agency cost: EZC - k L (EZC:ecfconst = 309.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 309.000000 (10.90167) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  30.535744 ( 1.07732)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
265.0000 0.07480   0.07234 0.05511  0.05668  0.03416   15.3383 152.1875 167.5258
 dbratio     ROA    ROA1
 0.90844 0.06507 0.06313

agency cost: EZC - k L (EZC:ecfconst = 315.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 315.000000 (11.10196) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.128671 ( 1.09711)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
265.0000 0.05411   0.07057 0.05486  0.05649  0.03436   17.7548 153.3039 171.0586
 dbratio     ROA    ROA1
 0.89621 0.06490 0.06296

agency cost: EZC - k L (EZC:ecfconst = 320.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 320.000000 (11.27858) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.622777 ( 1.11456)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
265.0000 0.04100   0.06931 0.05469  0.05635  0.03455   19.8233 154.0380 173.8613
 dbratio     ROA    ROA1
 0.88598 0.06487 0.06291

agency cost: EZC - k L (EZC:ecfconst = 293.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 293.000000 (10.53463) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  28.954605 ( 1.04104)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
272.0000 0.23414   0.08313 0.05653  0.05777  0.03352    7.2417 148.3482 155.5899
 dbratio     ROA    ROA1
 0.95346 0.06771 0.06534

agency cost: EZC - k L (EZC:ecfconst = 302.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 302.000000 (10.74920) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  29.843995 ( 1.06225)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
272.0000 0.15739   0.07824 0.05593  0.05732  0.03372   10.1143 151.9732 162.0875
 dbratio     ROA    ROA1
 0.93760 0.06632 0.06421

agency cost: EZC - k L (EZC:ecfconst = 309.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 309.000000 (10.94022) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  30.535744 ( 1.08113)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
272.0000 0.11281   0.07521 0.05551  0.05700  0.03391   12.6112 154.2031 166.8143
 dbratio     ROA    ROA1
 0.92440 0.06558 0.06359

agency cost: EZC - k L (EZC:ecfconst = 315.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 315.000000 (11.12088) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.128671 ( 1.09898)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
272.0000 0.08358   0.07304 0.05520  0.05676  0.03409   14.8943 155.7341 170.6285
 dbratio     ROA    ROA1
 0.91271 0.06518 0.06323

agency cost: EZC - k L (EZC:ecfconst = 320.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 320.000000 (11.28263) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.622777 ( 1.11496)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
272.0000 0.06452   0.07149 0.05498  0.05659  0.03425   16.8758 156.7711 173.6470
 dbratio     ROA    ROA1
 0.90282 0.06497 0.06304

agency cost: EZC - k L (EZC:ecfconst = 293.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 293.000000 (10.72050) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  28.954605 ( 1.05941)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
283.0000 0.36491   0.09139 0.05733  0.05832  0.03328    4.4600 148.3442 152.8041
 dbratio     ROA    ROA1
 0.97081 0.07016 0.06727

agency cost: EZC - k L (EZC:ecfconst = 302.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 302.000000 (10.89926) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  29.843995 ( 1.07708)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
283.0000 0.26218   0.08488 0.05673  0.05791  0.03346    6.7177 153.0232 159.7409
 dbratio     ROA    ROA1
 0.95795 0.06823 0.06576

agency cost: EZC - k L (EZC:ecfconst = 309.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 309.000000 (11.05533) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  30.535744 ( 1.09250)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
283.0000 0.19726   0.08081 0.05626  0.05757  0.03360    8.8048 156.1305 164.9353
 dbratio     ROA    ROA1
 0.94662 0.06703 0.06479

agency cost: EZC - k L (EZC:ecfconst = 315.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 315.000000 (11.20429) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.128671 ( 1.10722)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
283.0000 0.15198   0.07788 0.05588  0.05728  0.03374   10.7936 158.3951 169.1887
 dbratio     ROA    ROA1
 0.93620 0.06622 0.06413

agency cost: EZC - k L (EZC:ecfconst = 320.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 320.000000 (11.33999) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.622777 ( 1.12063)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
283.0000 0.12099   0.07578 0.05559  0.05706  0.03387   12.5708 160.0047 172.5756
 dbratio     ROA    ROA1
 0.92716 0.06571 0.06369

agency cost: EZC - k L (EZC:ecfconst = 293.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 293.000000 (10.79478) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  28.954605 ( 1.06675)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
287.0000 0.41792   0.09491 0.05758  0.05848  0.03319    3.6572 148.0715 151.7287
 dbratio     ROA    ROA1
 0.97590 0.07115 0.06802

agency cost: EZC - k L (EZC:ecfconst = 302.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 302.000000 (10.96603) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  29.843995 ( 1.08368)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
287.0000 0.30762   0.08773 0.05701  0.05811  0.03337    5.6781 153.0570 158.7351
 dbratio     ROA    ROA1
 0.96423 0.06908 0.06643

agency cost: EZC - k L (EZC:ecfconst = 309.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 309.000000 (11.11210) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  30.535744 ( 1.09811)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
287.0000 0.23562   0.08322 0.05654  0.05778  0.03351    7.5945 156.4579 164.0523
 dbratio     ROA    ROA1
 0.95371 0.06774 0.06536

agency cost: EZC - k L (EZC:ecfconst = 315.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 315.000000 (11.25065) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.128671 ( 1.11180)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
287.0000 0.18420   0.07998 0.05615  0.05749  0.03364    9.4533 158.9903 168.4435
 dbratio     ROA    ROA1
 0.94388 0.06679 0.06460

agency cost: EZC - k L (EZC:ecfconst = 320.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 320.000000 (11.37700) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.622777 ( 1.12429)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
287.0000 0.14835   0.07764 0.05585  0.05726  0.03376   11.1358 160.8224 171.9582
 dbratio     ROA    ROA1
 0.93524 0.06616 0.06408

agency cost: EZC - k L (EZC:ecfconst = 293.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 293.000000 (10.83237) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  28.954605 ( 1.07047)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
289.0000 0.44506   0.09679 0.05769  0.05855  0.03315    3.2964 147.8958 151.1921
 dbratio     ROA    ROA1
 0.97820 0.07165 0.06840

agency cost: EZC - k L (EZC:ecfconst = 302.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 302.000000 (11.00114) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  29.843995 ( 1.08715)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
289.0000 0.33156   0.08925 0.05715  0.05820  0.03333    5.1990 153.0143 158.2133
 dbratio     ROA    ROA1
 0.96714 0.06953 0.06678

agency cost: EZC - k L (EZC:ecfconst = 309.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 309.000000 (11.14298) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  30.535744 ( 1.10116)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
289.0000 0.25624   0.08451 0.05669  0.05788  0.03347    7.0274 156.5518 163.5792
 dbratio     ROA    ROA1
 0.95704 0.06812 0.06567

agency cost: EZC - k L (EZC:ecfconst = 315.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 315.000000 (11.27676) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.128671 ( 1.11438)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
289.0000 0.20179   0.08110 0.05629  0.05759  0.03359    8.8175 159.2141 168.0316
 dbratio     ROA    ROA1
 0.94752 0.06711 0.06486

agency cost: EZC - k L (EZC:ecfconst = 320.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 320.000000 (11.39865) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.622777 ( 1.12643)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
289.0000 0.16347   0.07864 0.05598  0.05736  0.03370   10.4491 161.1573 171.6063
 dbratio     ROA    ROA1
 0.93911 0.06642 0.06429

agency cost: EZC - k L (EZC:ecfconst = 320.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 320.000000 (11.27744) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.622777 ( 1.11445)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
268.0000 0.05005   0.07019 0.05481  0.05645  0.03442   18.5445 155.2669 173.8114
 dbratio     ROA    ROA1
 0.89331 0.06488 0.06294

agency cost: EZC - k L (EZC:ecfconst = 315.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 315.000000 (12.35943) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  93.386012 ( 3.66412)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
268.0000 0.30738   0.08771 0.05990  0.06321  0.03946   17.7830 131.8349 149.6180
 dbratio     ROA    ROA1
 0.88114 0.08261 0.07729

agency cost: EZC - k L (EZC:ecfconst = 310.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 310.000000 (12.16133) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  91.903694 ( 3.60539)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
268.0000 0.32384   0.08875 0.06010  0.06331  0.03929   16.4723 130.7193 147.1915
 dbratio     ROA    ROA1
 0.88809 0.08262 0.07733

agency cost: EZC - k L (EZC:ecfconst = 305.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 305.000000 (11.96409) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  90.421377 ( 3.54692)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
268.0000 0.34120   0.08986 0.06031  0.06341  0.03912   15.2028 129.5512 144.7540
 dbratio     ROA    ROA1
 0.89498 0.08265 0.07738

agency cost: EZC - k L (EZC:ecfconst = 300.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 300.000000 (11.76772) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  88.939059 ( 3.48870)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
268.0000 0.35950   0.09104 0.06052  0.06352  0.03896   13.9766 128.3291 142.3057
 dbratio     ROA    ROA1
 0.90178 0.08269 0.07743

agency cost: EZC - k L (EZC:ecfconst = 320.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 320.000000 (11.38757) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.622777 ( 1.12533)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
288.0000 0.15579   0.07813 0.05591  0.05731  0.03373   10.7898 160.9960 171.7858
 dbratio     ROA    ROA1
 0.93719 0.06629 0.06418

agency cost: EZC - k L (EZC:ecfconst = 315.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 315.000000 (12.35729) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  93.386012 ( 3.66348)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
288.0000 0.38624   0.09279 0.06082  0.06367  0.03873   13.2876 136.0017 149.2893
 dbratio     ROA    ROA1
 0.91099 0.08277 0.07753

agency cost: EZC - k L (EZC:ecfconst = 310.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 310.000000 (12.16295) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  91.903694 ( 3.60587)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
288.0000 0.40541   0.09407 0.06103  0.06377  0.03858   12.1703 134.6465 146.8167
 dbratio     ROA    ROA1
 0.91711 0.08284 0.07760

agency cost: EZC - k L (EZC:ecfconst = 305.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 305.000000 (11.96940) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  90.421377 ( 3.54849)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
288.0000 0.42543   0.09543 0.06124  0.06387  0.03843   11.0991 133.2362 144.3353
 dbratio     ROA    ROA1
 0.92310 0.08293 0.07769

agency cost: EZC - k L (EZC:ecfconst = 300.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 300.000000 (11.77662) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  88.939059 ( 3.49134)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
288.0000 0.44634   0.09688 0.06146  0.06398  0.03828   10.0756 131.7700 141.8456
 dbratio     ROA    ROA1
 0.92897 0.08302 0.07778

agency cost: EZC - k L (EZC:ecfconst = 320.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 320.000000 (11.55101) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.622777 ( 1.14148)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
300.0000 0.26354   0.08497 0.05674  0.05792  0.03345    7.0819 162.1477 169.2296
 dbratio     ROA    ROA1
 0.95815 0.06826 0.06578

agency cost: EZC - k L (EZC:ecfconst = 315.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 315.000000 (12.36360) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  93.386012 ( 3.66536)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
300.0000 0.43619   0.09617 0.06136  0.06393  0.03835   11.0009 138.0009 149.0017
 dbratio     ROA    ROA1
 0.92617 0.08298 0.07773

agency cost: EZC - k L (EZC:ecfconst = 310.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 310.000000 (12.17120) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  91.903694 ( 3.60832)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
300.0000 0.45668   0.09760 0.06157  0.06403  0.03821   10.0018 136.5063 146.5081
 dbratio     ROA    ROA1
 0.93173 0.08308 0.07783

agency cost: EZC - k L (EZC:ecfconst = 305.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 305.000000 (11.97950) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  90.421377 ( 3.55148)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
300.0000 0.47795   0.09913 0.06178  0.06413  0.03807    9.0504 134.9570 144.0074
 dbratio     ROA    ROA1
 0.93715 0.08319 0.07793

agency cost: EZC - k L (EZC:ecfconst = 300.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 300.000000 (11.78847) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  88.939059 ( 3.49485)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
300.0000 0.50000   0.10076 0.06199  0.06423  0.03794    8.1480 133.3525 141.5005
 dbratio     ROA    ROA1
 0.94242 0.08331 0.07804

agency cost: EZC - k L (EZC:ecfconst = 320.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 320.000000 (11.63520) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.622777 ( 1.14980)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
305.0000 0.31763   0.08836 0.05707  0.05815  0.03336    5.7988 162.1654 167.9642
 dbratio     ROA    ROA1
 0.96548 0.06927 0.06658

agency cost: EZC - k L (EZC:ecfconst = 315.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 315.000000 (12.36765) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  93.386012 ( 3.66656)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
305.0000 0.45736   0.09765 0.06157  0.06403  0.03821   10.1360 138.7307 148.8666
 dbratio     ROA    ROA1
 0.93191 0.08308 0.07783

agency cost: EZC - k L (EZC:ecfconst = 310.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 310.000000 (12.17597) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  91.903694 ( 3.60973)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
305.0000 0.47831   0.09916 0.06178  0.06413  0.03807    9.1858 137.1800 146.3658
 dbratio     ROA    ROA1
 0.93724 0.08319 0.07793

agency cost: EZC - k L (EZC:ecfconst = 305.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 305.000000 (11.98494) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  90.421377 ( 3.55310)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
305.0000 0.50000   0.10076 0.06199  0.06423  0.03794    8.2838 135.5750 143.8588
 dbratio     ROA    ROA1
 0.94242 0.08331 0.07804

agency cost: EZC - k L (EZC:ecfconst = 300.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 300.000000 (11.79454) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  88.939059 ( 3.49665)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
305.0000 0.52242   0.10248 0.06221  0.06432  0.03780    7.4309 133.9157 141.3465
 dbratio     ROA    ROA1
 0.94743 0.08344 0.07816

agency cost: EZC - k L (EZC:ecfconst = 320.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 320.000000 (11.72534) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  31.622777 ( 1.15871)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
310.0000 0.37591   0.09211 0.05738  0.05836  0.03326    4.6760 161.9620 166.6380
 dbratio     ROA    ROA1
 0.97194 0.07036 0.06743

agency cost: EZC - k L (EZC:ecfconst = 315.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 315.000000 (12.37244) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  93.386012 ( 3.66798)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
310.0000 0.47865   0.09918 0.06179  0.06413  0.03807    9.3212 139.4030 148.7242
 dbratio     ROA    ROA1
 0.93733 0.08319 0.07794

agency cost: EZC - k L (EZC:ecfconst = 310.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 310.000000 (12.18142) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  91.903694 ( 3.61135)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
310.0000 0.50000   0.10076 0.06199  0.06423  0.03794    8.4196 137.7976 146.2172
 dbratio     ROA    ROA1
 0.94242 0.08331 0.07804

agency cost: EZC - k L (EZC:ecfconst = 305.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 305.000000 (11.99101) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  90.421377 ( 3.55490)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
310.0000 0.52205   0.10245 0.06220  0.06432  0.03780    7.5663 136.1387 143.7049
 dbratio     ROA    ROA1
 0.94735 0.08344 0.07816

agency cost: EZC - k L (EZC:ecfconst = 300.000000, k:agcpara = 0.00000000)
liq.cash: 10Y average (1Y) = 300.000000 (11.80118) : loss rate  0.0000
liq.cash: 10Y std.dev. (1Y) =  88.939059 ( 3.49862)
tax rate = 0.45  bankruptcy cost (proportion = 0.300)
non-debt tax shield (proportion = 1.000)
market portfolio: average = 0.07706  std.dev = 0.17885  lambda =   1.27815
riskless rate of interest = 0.05400  correlation =  0.40000
data: equity =  99.990000  debt =  99.990000  firm = 199.980000

  debtcf default   rrrequi rrrdebt     WACC    WACCt   valequi  valdebt  valfirm
310.0000 0.54476   0.10424 0.06241  0.06441  0.03767    6.7620 134.4263 141.1884
 dbratio     ROA    ROA1
 0.95211 0.08358 0.07828

