easy · Investment Banking

A fictional company, SolarFlare, has an ROIC of 15% and its WACC is 10%.

Based on these figures, how is the company impacting shareholder value?

  1. The company is creating value because ROIC exceeds WACC.
  2. The company is value-neutral because 5% is a standard margin.
  3. The impact cannot be determined without knowing the ROE.
  4. The company is destroying value because the WACC is too high.

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