• Calculate the firms WACC (using 2018 numbers). (You will need to collect information on the long-term debt and common stock equity from the Balance Sheet. The firm has no preferred stock).
• Use the WACC to calculate NPV and evaluate IRR for proposed capital budgeting projects. Assume the projects are mutually exclusive and the firm has the money available to fund the project.

Current Assets	12/31/2018
Cash And Cash Equivalents	8,719,000
Short Term Investments	270,000
Net Receivables	7,140,000
Inventory	3,126,000
Other Current Assets	2,042,000
Total Current Assets	21,297,000
Long Term Investments	2,407,000
Property Plant and Equipment	17,587,000
Goodwill	14,806,000
Intangible Assets	15,823,000
Other Assets	5,122,000
Total Assets	77,042,000
Current Liabilities 12/31/2018
Accounts Payable	7,211,000
Short/Current Long Term Debt	3,951,000
Other Current Liabilities	6,601,000
Total Current Liabilities	17,763,000
Long Term Debt	28,293,000
Other Liabilities	12,611,000
Total Liabilities	58,667,000
Stockholders' Equity
Total Stockholder Equity	18,375,000

	12/31/2018
Revenue
Total Revenue	51,728,000
Cost of Revenue	23,502,000
Gross Profit	28,226,000
Operating Expenses
Selling General and Administrative	19,184,000
Operating Income or Loss	9,042,000
Income from Continuing Operations
Other Income/Expenses Net	-1,148,000
Interest Expense	1,220,000
Income Before Tax	6,674,000
Income Tax Expense	2,696,000
Net Income	3,978,000

	Year 0	Year 1	Year 2	Year 3	Year 4
Project A	-100,000	50,000	30,000	30,000	20,000
Project B	-250,000	100,000	100,000	50,000	50,000
Project C	-500,000	400,000	50,000	50,000	50,000