You work in Walt Disney Companys corporate finance and treasury department and have just been assigned to the team estimating Disneys WACC. You must estimate this WACC in preparation for a team meeting later today. You quickly realize that the information you need is readily available online. 1. Go to finance.yahoo.com. Under the Investing Tab and then Market Overview, you will find the yield to maturity for ten-year Treasury bonds listed as 10 Yr Bond(%). Collect this number as your risk-free rate. 2. In the box next to the Get Quotes button, type Walt Disneys ticker symbol (DIS) and press enter. Once you see the basic information for Disney, find and click Key Statistics on the left side of the screen. From the key statistics, collect Disneys market capitalization (its market value of equity), enterprise value (market-value equity + net debt), cash, and beta. 3. To get Disneys cost of debt and the market value of its long-term debt, you will need the price and yield to maturity on the firms existing long-term bonds. Go to finra-markets.morningstar .com. Under Market Data, select Bonds. Under Search, click Corporate, and type Disneys ticker symbol. A list of Disneys outstanding bond issues will appear. Assume that Disneys policy is to use the expected return on noncallable ten-year obligations as its cost of debt. Find the noncallable bond issue that is at least 10 years from maturity. (Hint: You will see a column titled Callable; make sure the issue you choose has No in this column. Bonds may appear on multiple pages.) Find the credit rating and yield to maturity for your chosen bond issue (it is in the column titled Yield). Hold the mouse over the table of Disneys bonds and right-click. Select Export to Microsoft Excel. (Note that this option is available in IE, but may not be in other browsers.) An Excel spreadsheet with all of the data in the table will appear. 4. You now have the price for each bond issue, but you need to know the size of the issue. Returning to the Web page, click Walt Disney Company in the first row. This brings up a Web page with all of the information about the bond issue. Scroll down until you find Amount Outstanding on the right side. Noting that this amount is quoted in thousands of dollars (e.g., $60,000 means $60 million = $60,000,000), record the issue amount in the appropriate row of your spreadsheet. Repeat this step for all of the bond issues.