The cost of capital is essential to all business problems that are concerned with future outcomes. Yet estimating it is a difficult task. The cost of capital lies at the heart of corporate finance, where the individual costs of the firm's sources of finance are evaluated. To be able to assess the cost of capital is vital to your company's strategic plan. This briefing provides you with the means to do so.It begins by addressing the implementation of a responsible debt policy framework then evaluates the cost of debt, taking into account tax planning issues at national and international levels. The briefing goes on to consider six approaches to assessing the cost of equity and finally deals with policies and implementation strategies, providing you with a practical framework for managing the cost of capital in your company.