3. What was the WACC for Heinz at the start of fiscal year 2010? What was the WACC one year earlier? Show all values used in your calculations. The risk-free rates are quite low, in your opinion are the calculateu WACCs just "too low? Why or Why not? 2009 WACC Shares outstanding (M) Stock price E (market cap) Debt (M) Tax rate Cost of debt Cost of equity WACC 314.86 $34.42 10,837.48 4,768.68 28.83% 5.53% 8.57% 7.15% 2010 317.69 $46.87 14,890.13 4,134.920 28.83% 5.16% 8.57% 7.50% Cost of Equity - CAMP Beta Risk free rate Market Premium Cost of equity 0.65 3.69% 7.50% 8.57% 3. What was the WACC for Heinz at the start of fiscal year 2010? What was the WACC one year earlier? Show all values used in your calculations. The risk-free rates are quite low, in your opinion are the calculateu WACCs just "too low? Why or Why not? 2009 WACC Shares outstanding (M) Stock price E (market cap) Debt (M) Tax rate Cost of debt Cost of equity WACC 314.86 $34.42 10,837.48 4,768.68 28.83% 5.53% 8.57% 7.15% 2010 317.69 $46.87 14,890.13 4,134.920 28.83% 5.16% 8.57% 7.50% Cost of Equity - CAMP Beta Risk free rate Market Premium Cost of equity 0.65 3.69% 7.50% 8.57%