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Calculate the WACC:

1. Assume that Marriott uses only two WACC components – Debt and Equity (common stock). Calculate the WACC for each of the three Marriott divisions (lodging, contract services, and restaurants). Be sure to document and explain the reasons for any assumptions that you make.

2. Calculate the WACC for the entire company. Be sure to document and explain the reasons for any assumptions that you make.

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