PART 2:

Using the financial statements below and the Summary screen on Yahoo! Finance for Gilead Sciences (GILD), gather the required inputs to calculate their current WACC percentage. (Use 3.75% as the current risk-free rate of return and 6.75% as the expected market rate of return). Show all of your work to receive full credit.

Gilead Sciences, Inc. (GILD) $71.33

At close: July 2 4:03PM EDT

Balance Sheet

All numbers in thousands

Period Ending	12/31/2017	12/31/2016	12/31/2015
Current Assets
Cash And Cash Equivalents	7,588,000	8,229,000	12,851,000
Short Term Investments	17,922,000	3,666,000	1,756,000
Net Receivables	3,851,000	4,514,000	6,682,000
Inventory	801,000	1,587,000	1,955,000
Other Current Assets	1,661,000	1,592,000	1,518,000
Total Current Assets	31,823,000	19,588,000	24,762,000
Long Term Investments	11,184,000	20,485,000	11,601,000
Property Plant and Equipment	3,295,000	2,865,000	2,276,000
Goodwill	4,159,000	1,172,000	1,172,000
Intangible Assets	17,100,000	8,971,000	10,247,000
Other Assets	2,722,000	3,896,000	1,334,000
Total Assets	70,283,000	56,977,000	51,716,000
Current Liabilities
Accounts Payable	8,888,000	9,218,000	8,468,000
Short/Current Long Term Debt	2,747,000	-	982,000
Other Current Liabilities	-	-	440,000
Total Current Liabilities	11,635,000	9,218,000	9,890,000
Long Term Debt	30,795,000	26,346,000	21,073,000
Other Liabilities	7,352,000	2,050,000	1,638,000
Minority Interest	59,000	476,000	579,000
Total Liabilities	49,841,000	38,090,000	33,180,000