You are trying to estimate the WACC for New England Patriots. (Go Patriots However, New England Patriots is a private held company, which means you cannot find the beta of the stock directly. Estimate the WACC of New England Patriot with the follwing information: (2) 1. New England Patriot's current (and target) D/E ratio -0.1 2. Risk free rate in US is 2.5% 3. Historical equity risk premium (ERP) is about 7% in U.S. 4. Patriots' cost of debt is estimated to be 5% 5. corprate tax rate is about 40% After looking around the world, you find there are only two publicly traded companies that are comparable to New England Patriot, but they are both traded outside U.S. 1. Manchester United, with debt to equity ratio of 0.9 and equity beta of 0.31, with corporate tax rate of 30% 2. Juventus F.C, with debt to equity ratio of 3.55 and equity beta of 0.34, with corporate tax rate of 50%