Estimate the WACC of Amazon at the end of 2019. Collect the following data.

• Beta (use the current beta available at Marketwatch.com)
• Stock price and number of shares outstanding at the end of 2019
• Interest-bearing debt from the last years balance sheet
• Taxes and taxable income from the last years income statement
• 10-year Treasury rate at the end of 2019
• Find the companys bond rating from Capital IQ and then pick the yield spread from http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ratings.htm

Using these data, calculate the weighted average cost of capital of the company. For the cost of equity, use a 6% market risk premium.