Assumption: In Module 3 we estimated the WACC based upon your choice of beta, and a simple approach to estimating the cost of debt but beta changes over time we did a very broad approximation of the cost of debt based on long term debt.

Choose an assumption or adjustment we made when conducting our empirical modeling and discuss its impact on the specific results of that module in detail, then discuss how the results also influence the firm valuation model. How do the modeling choices impact the strategic goal of the financial manager maximizing the value of the firm? Do the modeling choices limit the ability of the financial manager to help guide the firm in achieving its strategic objectives (explain in detail why or why not)?