Select a publicly traded firm and provide a one page summary explaining the history of your firm and the focus of the business This should include key milestones in the firms progression that have influenced their current market and financial positions, such as issuance of securities or merger acquisition activity You may include information on the current management team and what they hope to achieve in the near future Bloomberg and other reputable sources should be referenced for this information Present a summary of the current capital structure mix of the firm including key financial ratios that clarify the firms capital structure position, these can be found in Bloomberg Explain the implication of the specific capital structure mix the firm has chosen, i e debt vs equity Present a summary of the firms short term debt policy This should include the operating and cash cycle as well as your estimation of the firms short term finance policy Indicate whether you believe they have a flexible or restrictive approach and why Both the long term and short term debt policy discussion should include comparison to benchmarks such as industry comparable firms Does their capital structure differ from their industry average Why or why not (Industry averages should be taken from Bloomberg) Propose a change to their existing capital structure that you believe will benefit the firm Justify your reasons for this change Include the new values of the capital structure ratios that result from your proposed change Finally include the impact to the firms stock price resulting from changes to the capital structure, i e issuance of additional shares of equity or issuance of new debt The construction of a Market Value Balance Sheet with the existing capital structure and the proposed capital structure should be included If the firm where to consider a new project how would your changes to the capital structure impact the decision to accept or reject the project Specifically address the acceptance rejection decision with the existing capital structure cost of capital and the proposed change in capital structure Calculate the WACC for the existing capital structure and the proposed capital structure Debt ratings and average debt rates by debt rating are available in Bloomberg Use the CAPM model to solve for the firms cost of equity

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Select a publicly traded firm and provide a one-page summary explaining the history of your firm and the focus of the business. This should include

Select a publicly traded firm and provide a one-page summary explaining the history of your firm and the focus of the business. This should include key milestones in the firms progression that have influenced their current market and financial positions, such as issuance of securities or merger/acquisition activity. You may include information on the current management team and what they hope to achieve in the near future. Bloomberg and other reputable sources should be referenced for this information.

Present a summary of the current capital structure mix of the firm including key financial ratios that clarify the firms capital structure position, these can be found in Bloomberg. Explain the implication of the specific capital structure mix the firm has chosen, i.e. debt vs. equity. Present a summary of the firms short term debt policy. This should include the operating and cash cycle as well as your estimation of the firms short term finance policy. Indicate whether you believe they have a flexible or restrictive approach and why. Both the long term and short term debt policy discussion should include comparison to benchmarks such as industry comparable firms.

Does their capital structure differ from their industry average? Why or why not? (Industry averages should be taken from Bloomberg). Propose a change to their existing capital structure that you believe will benefit the firm. Justify your reasons for this change. Include the new values of the capital structure ratios that result from your proposed change.

Finally include the impact to the firms stock price resulting from changes to the capital structure, i.e. issuance of additional shares of equity or issuance of new debt. The construction of a Market Value Balance Sheet with the existing capital structure and the proposed capital structure should be included.

If the firm where to consider a new project how would your changes to the capital structure impact the decision to accept or reject the project. Specifically address the acceptance/rejection decision with the existing capital structure/cost of capital and the proposed change in capital structure. Calculate the WACC for the existing capital structure and the proposed capital structure. Debt ratings and average debt rates by debt rating are available in Bloomberg. Use the CAPM model to solve for the firms cost of equity.