Here is the assignment. I just need to make sure this is correct

Once again, your team is the key financial management team for your company. The companys CEO is now looking to expand its operations by investing in new property, plant, and equipment. In order to effectively evaluate the projects effectiveness, you have been asked to determine the firms weighted average cost of capital. To determine the cost of capital, here is what you have been asked to do.

Go to Yahoo Finance (http://finance.yahoo.com) and capture the income statement information for the company you selected. (Be sure that your company has debt on their balance sheet. This will be required in your project.)

Enter your companys name or ticker symbol. Your companys information should appear.

Click on the Financials tab, and select the income statement option. Three years worth of income statements should appear. Copy and paste this data into a spreadsheet.

Repeat step b. above for the balance sheets of the company.

Click on Historical Prices. Capture the closing price of the stock as of the balance sheet date for the three fiscal years used in steps b and c above.

b. Cost of Equity i. Calculate the firms cost of equity using the capital asset pricing model (CAPM). The formula for the CAPM is ri = rf + i (RMkt - rf). ii. Assume the risk-free rate (rf) is the current rate of 10-year U.S. Treasury Bonds. iii. Calculate the market rate (RMkt) by calculating the market return on the Standard & Poors 500 for the past 2 calendar years. iv. The beta for the firm can be obtained from Yahoo! Finance.