Disney WACC Elements All Data as of First Quarter 2018 Cost of Capital Components Capital Structure $ in Millions Beta 1.07 Equity 161,265 Expected Return of the Market 9.17% Preferred Equity 0 Risk Free Rate 2.41% Short-Term Debt 6,009 Tax Rate 17.79% Long-Term Debt 20,082 Pre-Tax Cost of Debt 3.68% Total Capital 187,356

calculate the WACC of each Disney segment comparable. Describe the primary WACC drivers that explain the differences between the WACC of Disney and its comparables.