1) Assume the market risk premium for CAPM is 5.23% and the Risk-Free rate is 4.26%. Compute the Weighted Average Cost of Capital on an after-tax basis (WACC). State in percent format to the nearest basis point but omit the % sign.

2) Compute the Weighted Average Cost of Debt on an after-tax basis. State in percent format to the nearest basis point but omit the % sign.

	Millions	Millions
	Market Value	Book Value
Walmart Equity	338,583.00	72,496.00
36 Month Beta (per Yahoo Finance)	0.42
	Fair Value	Effective
Unsecured debt	Millions	Interest Rate
Fixed	$ 35,816	3.90%
Variable	1,800	2.90%
Secured debt Dollar Based
Fixed Rate	2,870	3.30%
Secured debt Euro Based
Fixed Rate	3,524	5.40%
Secured debt British Pound Based
Fixed Rate	1,651	0.40%
Effective Income Tax Rate for Walmart	24.70%