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select a company(apple), download the most recent copy of the company's 10-K report, and submit your company choice to your professor for approval. The annual

select a company(apple), download the most recent copy of the company's 10-K report, and submit your company choice to your professor for approval.

The annual EBIT for this new project will be 18% of the project's cost.

The company will use the straight-line method to depreciate this equipment. Also assume that there will be no increases in net working capital each year. Use 25% as the tax rate in this project.

The hurdle rate for this project will be the WACC that you are able to find on a financial website, such as Gurufocus.com. If you are unable to find the WACC for a company, contact your instructor. He or she will assign you a WACC rate.

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