Describe your companies (e.g, what industry do they belong to? Whats the main product? Who are key executives? History of companies, etc.) (1 2 pages) Hint: you can find some useful information from finance.yahoo.com or similar websites) (Make sure that you do not copy and paste the information from the webpage directly.) (20 points) Using two companies chosen, compute the weighted cost of capital (WACC). You should show how to compute the WACC step by step (e.g., you should compute the cost of equity using both dividend growth model approach and SML approach). When you compute the cost of debt, assume a tax rate of 21% (60 points). Once you know the WACC for both companies, using these WACC as a cutoff, you should make a decision whether or not you accept the following project (20 points): As the president of companies chosen, you should determine whether to go ahead with a plan to renovate the companys distribution system. The plan will cost the company $50 million, and it is expected to save $12 million per year after taxes over the next six years. Will you accept? Or Reject?