I am in need of help with a Financial Analysis Project on Walt Disney. I have completed half of the project but still need help with the other half attached. Please consider. Thank you

Walt Disney Firm Financial Analysis Project Determination of WACC Using the principles and tools outlined in the textbook, form an estimate of the Weighted Average Cost of Capital (WACC) for the firm. In order to complete this task, you will need to do the following: Determine the cost of debt: Using information from the firm's website, annual report, the website Investing in Bonds (link available in the Content area), and the library database sources, determine the 'average' rating of your firm's bonds and the current YTM on a composite of these bonds. Based on this information, estimate the current cost of debt for the firm. Explain the approach and procedure you used to make your determination and what this number means. o Determine the cost of equity: Determine the required rate of return for your firm using the CAPM. Explain the approach and procedure you used (and justification for the sources of inputs used for your model) to make your determination and the meaning of this required rate of return. o Determine the capital structure of the firm: Determine the market value of the firm's debt and equity. Explain the approach and procedure you used and use these values to determine the weights for the WACC. o Finally, provide an overall explanation for your results and how the firm will use this WACC. There are resources available in the Content area that will help guide your determination of WACC. Stock Valuation In chapter 9, we learned how the dividend-discount model can be used to determine the value of a firm's equity, or the current price of a share of stock. Use this model to estimate the value of a share of your firm's stock and compare this estimate to the current market value. To do this, you will need to do the following: 1. Estimate the firm's stock price using the dividend-discount model: Use an investment source (some have been provided in the Content area) and find: 1) the current dividend; 2) analyst's estimate growth rate for the next five to ten years; 3) an alternative growth estimate using the firm's historical growth rate or the formula \"g=ROE x b\". 2. Use your estimate of the cost of equity in the WACC for the rE part of your formula: Combine the above information into the dividend-discount model (DDM). 3. Compare your result to the current market price of your firm's stock. Provide analysis and an explanation of how they compare and explain any differences you observe. Capital Budgeting Analysis You have been asked to evaluate a potential acquisition of a smaller privately owned competitor. The acquisition candidate produces an EBITDA of 10% of your current EBITDA and is offered to your firm at a price of multiple of 8 times EBITDA. Assume the following: Current debt costs you 8% and you can raise additional debt at this rate today. The loan is to be amortized over 7 years. o Current return on equity is 15% o o Current WACC is 10% o Tax rate is 30% (constant) 80% of the purchase price is considered depreciable assets - to be depreciated over ten years on a straight-line basis with no residual values. o Residual value for this operation is to be 2x current EBITDA in year ten. o Create an after-tax cash flow analysis to answer the following: o Economic analysis: is this a fundamentally sound investment? Using the tax cash flows and no debt (pure equity), is the prospect a positive NPV using ROE as the hurdle rate? o Using the after tax cash flows and the firm's WACC, is this project desirable? Explain how you came to this conclusion. o Capital Structure Analysis and Funding Growth Strategies Imagine your firm has some attractive investment opportunities that it is considering. The capital budgeting process has been completed and found that these projects have a positive NPV and are desirable. The firm must raise financing for the projects in the amount equal to 5% of the current level of its total assets. As you know, these funds can come from a number of sources: operations, short-term debt, long-term debt (new bond issues), or equity (new stock issues). Your task is to decide where funds for these projects should come from based on your knowledge of the firm and your knowledge of the current state of the economy (i.e., level of interest rates, state of the stock market, future prospects for the economy/firm). This section is worth 80 points. Your analysis should answer the following questions: 1. 2. o o o o o How much must your firm raise for the investments to be undertaken? U2. How will you determine where the funds should come from? Provide analysis for the following areas: Current capital structure of the firm, specifically, you must cite how some of the ratios you calculated in Part II will influence your decision. Federal Reserve policy and interest rates, meaning what are current borrowing interest rates and what direction do you believe these will trend in the near future? Stock price and state of the stock market, meaning are current stock prices high? Low? How a firm's financing choice could be impacted? Working capital policy Profit/loss situation and operating cash flows