年份

债务资本比例

债务资本成本

权益资本比例

权益资本成本

所得税税率

WACC

2014

29.45%

0.00%

70.55%

12.27%

15.00%

8.65%

2015

39.68%

5.60%

60.32%

10.28%

15.00%

8.08%

2016

28.70%

4.35%

71.30%

10.24%

15.00%

8.36%

2017

52.26%

4.36%

47.72%

9.81%

15.00%

6.61%

2018

57.14%

4.50%

42.86%

10.78%

15.00%

6.80%

2019

63.10%

4.46%

36.90%

10.06%

15.00%

6.10%

2020

52.67%

4.42%

47.33%

9.20%

15.00%

6.33%

2021

35.13%

4.57%

64.87%

5.36%

15.00%

4.84%

2022

54.22%

4.62%

45.78%

10.88%

15.00%

7.10%