1 . How are Mortensen's estimates of Midland's cost of capital used ! How, if at all. should these anticipated uses affect the calculations" 2. Calculate Midland's corporate WALL. BE prepared to defend your specific assumptions and the Various inputs to the calculations . Is Midland's choice of EMIRE appropriate ! If not , what recommendations would You make and why " 3. Should Midland use a single corporate hurdle rate for evaluating investment Opportunities in all of its divisions" Why or why not !" 4. Compute a separate cost of capital for the EXP and Marketing & Refining divisions . What causes them to differ from one another!" 5 . How would you compute a cost of capital for the Petrochemical division ?"