Objective: Select a publicly$-$traded Moroccan company and calculate its Weighted Average Cost of Capital $($WACC$)$ using Excel. This calculation will assume the company is looking to raise capital for a new project with a specific debt$-$to$-$equity ratio.

Company Selection: Choose a Moroccan company listed on the Casablanca Stock Exchange. Download the returns from a period of $4$ to $5$ years $($Monthly returns$)$: $($for data, you can use the website www$.$investing.com$)$

Gather financial information about the chosen company to calculate the following:

Calculate the Cost of Equity : Use the Capital Asset Pricing Model $($CAPM$)$ to calculate the cost of equity. This will require estimating the risk$-$free rate $($e$.$g$.,$ yield on Moroccan government bonds$),$ the market return $($MASI index$),$ and the company$$s beta $($volatility of the stock in relation to the MASI index$).$

Calculate the Cost of Debt $($After$-$Tax$)$: Find the current interest rate the company is paying on its debt $($The YTM reported by the company$).$ Adjust this rate to reflect the after$-$tax cost of debt, considering the corporate tax rate in Morocco.

These information can be found in the company's financial statements, stock market data, and other financial reports $($for data, you can use the website investing.com$)$

Assumptions: If you couldn't find the optimal capital structure of the selected firm, assume the company wants to raise capital with a capital structure of $40\%$ debt and $60\%$ equity.

Compute the WACC

Submission: Submit an Excel file that includes details of your$$calculations$,$