From the information below provides a thorough and detailed synthesis of the purpose of their report, the results of their financial analysis of the company's short- and long-term capital budget needs, and their recommendations for how the company can raise money in the short-term and long-term to continue to add value to the organization.

CAPM and Required Return
Market Beta	1.0
Required Return	11%
Risk-Free Rate	4.50%
Market Premium	6.50%
EARLS BR
Risk-Free Rate	4.50%
Market Premium	6.50%
Company Beta	1.1
Required Return	11.65%
Closet Competitor F BREWERY
Risk-Free Rate	4.50%
Market Premium	6.50%
Competitor's Beta	0.30
Required Return	6.45%
Difference in Required Return
5.20%

Constant Growth Valuation
Expected Dividend	$1.80
Constant Growth	4%
Required Rate of Return	10%
Current Value per Share	$30.00

Weighted Average Cost of Capital
Debt	35%
Common Equity	65%
Cost of Debt
Tax Rate
Current Stock Price
Last Dividend Paid
Expected Constant Growth
Next Dividend
Internal Equity
WACC

Capital Budgeting Criteria
Year	0	1	2	3	4	5	6	7
Project A	($300)	($387)	($193)	($100)	$600	$600	$850	($180)
Project B	($405)	($134)	$134	$134	$134	$134	$134	$0
Difference	($105)	($521)	($327)	($234)	$466	$466	$716	($180)
WACC	11%		WACC	18%
NPV @ 11%		NPV @ 18%
Project A	$240.64		Project A	$2.66
Project B	($79.55)		Project B	($163.44)
IRR @ 11%
Project A	18.10%
Project B
MIRR @ 11%		MIRR @ 18%
Project A	14.59%		Project A	18.05%
Project B	16.46%		Project B	0.2049
Discount Rate	NPV-A	NPV-B
0.0%	$890	$399
10.0%	$283	$179
11.0%	$241	$162
18.1%	$3	$64
20.0%	($49)	$41
24.0%	($138)	$0
30.0%	($238)	($257)
Crossover Rate	20.49%

Reference: