Beruflich Dokumente
Kultur Dokumente
E r
e
( ) . . * . . 872% 1396 743% 1909%
WACC for Marriott as a Whole
Choosing t = 44%, the effective tax rate from 1983-88
based on Exhibit 1,
However, using a single hurdle rate imposes a
systematic bias on project selection. Risky projects
appear more profitable, and less risky projects appear
less profitable.
For the calculation of the WACC for lodging division, see the
spreadsheet.
WACC