Continuing in your role as the Chief Financial Officer (CFO) of Anycorp Inc., you're now interested in understanding the value of Anycorp after its merger with Initech. To do this, you will use the familiar Discounted Cashflow Approach which requires the use of a Weighted Average Cost of Capital (WACC) as a discount factor. As you've seen from your past readings, WACC is a blended cost of capital based on the different financing tools your company has, the risk (and, hence, expense) of each financing tool, and, in many cases, the upper marginal tax rate for the firm. Yet, complicating your analysis is the fact that Initech has prior financing which will, necessarily, make the combined entity's (i.e. Anycorp and Initech) WACC a blend of each organization's financing sources, capital risk, and marginal tax rates. Based on your readings from Chapter 9, prepare an Executive Summary that creates a framework around which you and your team will arrive at the post-merger, blended WACC for Anycorp.