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Question is asking not for the WACC but the market value of equity Recall that the weighted average cost of capital (WACC) with taxes formula

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Question is asking not for the WACC but the market value of equity
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Recall that the weighted average cost of capital (WACC) with taxes formula is as follows: - is the market value of equity (market capitalization). - is the market value of debt. - is the cost of debt. - is the cost of equity - is the fraction of debt in the firm's total liabilities (aka the leverage ratio) - is the fraction of equity in the firm's total liabilities (1levergae ratio) - is the effective tax rate the company pays For this assignment, you will find the WACC of any firm you choose, but you may want to use the firm you chose for the Ratio Analysis assignment because you already have some of the necessary data. Follow the steps below, showing all your work or showing screenshots of where you got your information. 1. Find "E", the market value of equity. Remember that market cap = price per share x number of shares outstanding. \begin{tabular}{lc} Category & Low \\ \hline & 3.0% \\ Long-term bond rate & 4.2% \\ Equity market risk premium & 0.95 \\ Adjusted beta & 0.0% \\ Additional risk adjustments & 7.0% \\ \hline Cost of equity & 15.3% \\ Tax rate & 0.05 \\ Debt/Equity ratio (1) & 4.0% \\ Cost of debt & \\ \hline After-tax WACC & 6.8% \end{tabular} Selected WACC 8.0% Apple WACC - Detailed calculations of Beta \begin{tabular}{llrr} Peers & Company Name & Debt/ Equity ratio & Beta \\ \hline AAPL & Apple Inc & & \\ \hline AMZN & Amazon.com Inc & 0.05 & 1.25 \\ NTAP & NetApp Inc & 0.08 & 1.32 \\ STX & Seagate Technology PLC & 0.18 & 1.2 \\ MSFT & Microsoft Corp & 0.53 & 1.19 \\ WDC & Western Digital Corp & 0.04 & 0.96 \\ GOOGL & Alphabet Inc & 0.62 & 1.55 \\ HPQ & HP Inc & 0.01 & 1.1 \\ HPE & Hewlett Packard Enterprise Co & 0.26 & 0.99 \\ DELL & Dell Technologies Inc & 0.73 & 1.17 \\ & & 0.94 & 0.86 \end{tabular}

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