Risk-Free Rate	3.779%
Market Cap	$ 170,100.00
Enterprise Value	$ 206,860.00
Cash	$ 11,610.00
Beta	$ 1.25
Book Value of Debt	$ 48,370.00

6. Compute the weights for Disneys equity and debt based on the market value of equity and Disneys market value of debt, computed in Step 5.

7. Calculate Disneys cost of equity capital using the CAPM, the risk-free rate, and a market risk premium of 5%.

8. Assuming that Disney has a tax rate of 20%, calculate its after-tax debt cost of capital.

9. Calculate Disneys WACC.

10. Calculate Disneys net debt by subtracting its cash from its debt. Recalculate the weights for the WACC using the market value of equity, net debt, and enterprise value. Recalculate Disneys WACC using the weights based on the net debt. How much does it change?