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Marriott-Assets

Marriott Cost of Capital

5 yr Avg Tax Rate


Tax Rate 0.44
Equity Beta B/B+S S/B+S B/S Unlevered Beta Target B/B+S Target B/S Levered Beta
Marriott

Lodging
Hilton
Holiday
La Quinta
Ramada
Average

Restaurants
Church's
Collins
Frisch's
Luby's
McDonalds
Wendys
Average

Contract Services
Assets Assets % Unlevered Betas
Lodging
Restaurants
Contract Services
Marriott

Costs of Equity:
Rf MRP Equity Beta Requity
Marriott
Lodging
Restaurants
Contract Services

Costs of Debt:
% Floating Floating Rf % Fixed Fixed Rf Spread Tax rate Rdebt(1-T)
Marriott
Lodging
Restaurants
Contract Services

WACCs:
Target B/B+S Rdebt(1-T) S/B+S (target) Requity WACC
Marriott
Lodging
Restaurants
Contract Services

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