Russian practice of assessing the weighted average cost of companies in the real sector of the economy

The total capital of the corporation is a source of financing its current and investment costs in the framework of its activities, and its optimal structuring plays an important role in determining the financial policy of the company. The ultimate goal of optimal structuring of the company's capital is to increase its market capitalization while reducing the cost of attracted capital. In order to determine the balance between the company's own and borrowed capital and the efficiency of its use, financial managers calculate the capital structure ratios and the profitability of financing the core business of the company from own and borrowed sources. The most important is the weighted average cost of capital (WACC). The paper proposes a method for calculating the weighted average cost of capital of a Russian corporation operating in the real sector of the economy, based on the ideas of a modified version of R. Hamada's model developed by D. Bezukhov and M. Khalikov. The advantage of the proposed version of the WACC model is its adaptability to the conditions of the Russian business environment, as well as the adequacy of the results of assessing the cost of capital of an enterprise to its financial and economic situation...