Hello, any help would be appreciated. I'm getting confused figuring out price of the bonds. The par value is 1,000.Also, I was thinking of using a beta of .58. Could you please show the work so I can double check my work to see where I got lost? Thank-you!

1. Calculate the following items for Heinz (as of the end of April). Carry work out to 2 decimal places (50 XX.xx%) 2009 2010 Short-term debt (bond) yield Long-term debt (bond) yield Cost of equity (CAPM) Cost of equity (Dividend Model) 2. Calculate the WACC for Heinz for fiscal year 2009 and 2010. What did you use for the cost of debt, the cost of equity, the weights and the tax rate in the calculation? Briefly explain why you selected those inputs (i.e. if you selected the long-term debt yield, why did you use that over the short-term debt yield or vice versa).1. Calculate the following items for Heinz (as of the end of April). Carry work out to 2 decimal places (50 XX.xx%) 2009 2010 Short-term debt (bond) yield Long-term debt (bond) yield Cost of equity (CAPM) Cost of equity (Dividend Model) 2. Calculate the WACC for Heinz for fiscal year 2009 and 2010. What did you use for the cost of debt, the cost of equity, the weights and the tax rate in the calculation? Briefly explain why you selected those inputs (i.e. if you selected the long-term debt yield, why did you use that over the short-term debt yield or vice versa).Exhibit 1 H. J. HEINZ: ESTIMATING THE COST OF CAPITAL IN UNCERTAIN TIMES Income Statement (numbers in thousands except per-share amounts; fiscal year ends in April) 2008 2009 2010 Revenue 9,885,556 10,011,331 10,494,983 Costs of goods sold 6,233,420 6,442,075 6,700,677 Gross profit 3,652, 136 3,569,256 3,794,306 SG&A expense 2,081,801 2,066,810 2,235,078 Operating income 1,570,335 1,502,446 1,559,228 Interest expense 323,289 275,485 250,574 Other income (expense) (16,283) 92,922 (18,200) Income before taxes 1,230,763 1,319,883 1,290,454 Income taxes 372,587 375,483 358,514 Net income after taxes 858,176 944,400 931,940 Adjustments to net income (13,251) (21,328) (67,048) Net income 844,925 923,072 864,892 Diluted EPS 2.61 2.89 2.71 Dividends per share 1.52 1.66 1.68 Data source: H. J. Heinz SEC filings, 2008-10.Exhibit 1 H. J. HEINZ: ESTIMATING THE COST OF CAPITAL IN UNCERTAIN TIMES Income Statement (numbers in thousands except per-share amounts; fiscal year ends in April) 2008 2009 2010 Revenue 9,885,556 10,011,331 10,494,983 Costs of goods sold 6,233,420 6,442,075 6,700,677 Gross profit 3,652, 136 3,569,256 3,794,306 SG&A expense 2,081,801 2,066,810 2,235,078 Operating income 1,570,335 1,502,446 1,559,228 Interest expense 323,289 275,485 250,574 Other income (expense) (16,283) 92,922 (18,200) Income before taxes 1,230,763 1,319,883 1,290,454 Income taxes 372,587 375,483 358,514 Net income after taxes 858,176 944,400 931,940 Adjustments to net income (13,251) (21,328) (67,048) Net income 844,925 923,072 864,892 Diluted EPS 2.61 2.89 2.71 Dividends per share 1.52 1.66 1.68 Data source: H. J. Heinz SEC filings, 2008-10