CaseFirm Inc. Balance Sheet Assets January 01, 2012 December 31, 2012 Cash and cash equivalents 128,840 160,000 Accounts receivable 798,808 800,000 Inventory 515,360 395,000 Land 283,448 300,000 Buildings 309,216 360,000 Marketable securities 206,144 218,000 Machinery and equipment 334,984 350,000 Total 2,576,801 2,583,000 Liabilities and shareholder's equity Accounts payable 303,761 309,960 Short-term loan 258,300 258,300 Long-term loan 1,239,840 1,239,840 Shareholders' equity 774,900 774,900 Total 2,576,801 2,583,000 Interest payment for short-term loan 20,000 Interest playment for long-term loan 33,000 Shareholders expect an annual return of (%) 14 0.1400 Tax rate (%) 36 0.3600 Equity share 0.3409 Debt share 0.6591 Average interest rate for debt 0.0354 WACC 0.0627 WACC 0.0627