Estimate the most current Weighted Average Cost of Capital of Fedex Corp. Assume that the capital structure (the market debt-to-equity ratio) observed as of the most recent annual financial statements remains in place forever for the company. Also assume that the market risk premium is 5% and that the marginal tax rate is 21%.

Potential data sources:

1. SECs Edgar database for financial statements and annual report

2. stock returns from CRSP database to calculate the beta (an Excel file with the data is available on D2L).

3. FINRAs TRACE database for public bond yields

4. U.S. Treasurys web-site for T-bond rates

5. Yahoos finance web-site for current stock prices

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