Cost of Capital for Pfizer
R(d)		Coupon Rate	8.70%
		Issued/ Settlement	3/27/2017
		Maturity	10/15/2021
		Price	122.36
		Future Value/ Redemption	100
		Yield	3.36%
After-Tax (Rd)		TaxR	35%
		Rd*(1-T)	2.2%
Re		D1/P+g	3.66%
Using all 4 methods		D0	0.32
		P	122.36
		ValueLine g	3.39%
		Rf+b*(Rm-Rf)	9.85%
		Rf(30y)	2.99%
		Beta(YTD)	0.9802
		Rm-Rf	7.00%
		E1/P=Earnings Capitalization ratio	2.27%
		E1	2.78
		P	122.36
		BondYTM+BondRP=Rd+(Rd-Tbond Yld20y)	3.73%
D=BV	D=BV		405210
E=MV	E=MV		203550000
			203955210
W(d)			0.19868%
We			100%
		WACC	9.84%

I need to explain those numbers, and give some Recommendations about the company Pfizer.Please write some sentences that I can talk during my presentation.

Why is it important to estimate your companys cost of capital or WACC?

What is your method for estimating cost of debt, cost of equity, and WACC for your company?

Do you think your estimation of WACC is reasonable for your company? (hint: rule of thumb: Re>WACC>Rd).