INSTRUCTIONS
	Complete the Cost of Capital tab
	o Find the cost of Equity using the Capital Asset Pricing Model (CAPM)
	o Find the Weighted Average Cost of Capital (WACC)
	Complete the Payback tab
	o Complete the After-tax Cash Flow re-evaluation table
	o Complete the DCF Payback timeline
	o Complete the questions on the tab
	Complete the Budget Projections tab
	o Revenue increases 4% annually
	o Expense increases 2% annually