Assuming an aftertax cost of debt of 6.5% and financing proportions of 25% debt and 75% equity, the semiconductor unit's risk-adjusted cost of capital is estimated to be 15%.
Government finance proportion in 2008 was 18.2%.
Table 2 shows that government finance proportion was 18.2% in 2008.
Government finance proportion = Financial revenue from the government Total revenue of the primary healthcare institutions Indicator A shows the level of inputs of the government financing.
Table 2 shows that Shaanxi (48.80%) received the highest government finance proportion, while Shandong had the lowest (19.36%) in 2010.
The government finance proportion in CHSCs revenue was 6.9% higher than that of THs, while the per capita revenue of CHSCs was higher.
Note: A stands for Indicator A. From Table 3, we can see the government finance proportion has increased since 2008 in both CHSCs and THs.
As Table 3 shows, the government finance proportion in urban areas in 2010 and 2011 was greater than that in rural areas.
In 2011, government finance proportion for CHSCs was 6.9% higher than that for THs, but the difference was not statistically significant (p = 0.978 in 2011, p = 0.451 in 2010).
From 2010 to 2011, the government finance proportion in Hubei, Liaoning, and Shandong increased by 9.96%, 13.3%, and 16%, respectively; the improvements were statistically significant (p values were 0.024, 0.001, and 0.000, respectively), as shown in Table 2.
By using indicators such as government investment, government finance proportion and per capita revenue, t-tests for paired and independent samples were used to analyze the changes in government investment.
