The CEO of Marriott would like you to prepare a three-to-four page case memo discussing the risk profile of Marriott and its individual divisions. Quantitatively, the CEO is interested in knowing the cost of capital of Marriott and each of its three divisions, and the calculations that made you arrive to these numbers (the detailed calculations can be attached in an appendix). The CEO would also like a qualitative explanation for each cost of capital calculation, in order to provide realistic justifications for your reported numbers. Hand in your report in the form of a three-to-four page memo and attach any numerical tables, graphs, or detailed calculations to the end of this memo (and make sure to reference these attachments in the memo). In constructing your memo, here are some points that you should address: 1) Provide an overview of Marriott's business and its divisions. 2) Are the four components of Marriott's financial strategy consistent with its growth objective?