1. Whats the WACC for Marriott? Your answer should clearly describe how you estimated the various components that go into the WACC computation. (NOTE: Table A in the case provides a break-up of debt into fixed-rate and floating-rate debt. Please ignore this distinction in your analysis and treat all debt as fixed-rate debt.) 2. Is it appropriate to value divisional projects using Marriott's WACC? Why or why not? 3. What should be the cost of capital for Marriott's lodging and restaurant divisions?