WACC=E/(E + D)*Cost of Equity+D/(E + D)*Cost of Debt*(1 - Tax Rate)

3M 2016 Finances (in Millions)

Market Value of Equity 114150 Google Finance
Short term Debt 972 Balance Sheet
Long Term Debt 10678 Balance Sheet
Total Book Value of Debt 11650 =B6+B7

Weight of Equity 0.90739269 =B4/(B4+B7)

Weight of Debt 0.09260731 =B7/(B4+B7)

Income Tax Rate 28.30% Balance Sheet

Operating Income 7223 Income Statement
Intrest Expense 199 Income Statement

a) Currrent risk rate 2.51% Tresury Bonds 10Yr Curve

b) Beta 1.08 Google Finance
c) current market premiu 6.00% Historically between 5-6%

Cost of Equity 8.9900% =B14+B15*B16

Cost of Debt 1.7082% =B14/B7

WACC 8.271% =B9*B20+B10*B22*1-B12