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Income Statement
All numbers in thousands
Revenue	5/31/17	5/31/16	5/31/15
Total Revenue	34,350,000	32,376,000	30,601,000
Cost of Revenue	19,038,000	17,405,000	16,534,000
Gross Profit	15,312,000	14,971,000	14,067,000
Operating Expenses
Research Development	-	-	-
Selling General and Administrative	10,563,000	10,469,000	9,892,000
Non Recurring	-	-	-
Others	-	-	-
Total Operating Expenses	-	-	-
Operating Income or Loss	4,749,000	4,502,000	4,175,000
Income from Continuing Operations
Total Other Income/Expenses Net	196,000	140,000	58,000
Earnings Before Interest and Taxes	4,886,000	4,623,000	4,205,000
Interest Expense	-	-	-
Income Before Tax	4,886,000	4,623,000	4,205,000
Income Tax Expense	646,000	863,000	932,000
Minority Interest	-	-	-
Net Income From Continuing Ops	4,240,000	3,760,000	3,273,000
Non-recurring Events
Discontinued Operations	-	-	-
Extraordinary Items	-	-	-
Effect Of Accounting Changes	-	-	-
Other Items	-	-	-
Net Income
Net Income	4,240,000	3,760,000	3,273,000
Preferred Stock And Other Adjustments	-	-	-
Net Income Applicable To Common Shares	4,240,000	3,760,000	3,273,000

Balance Sheet
All numbers in thousands
Period Ending	5/31/17	5/31/16	5/31/15
Current Assets
Cash And Cash Equivalents	3,808,000	3,138,000	3,852,000
Short Term Investments	2,371,000	2,319,000	2,072,000
Net Receivables	3,677,000	3,241,000	3,358,000
Inventory	5,055,000	4,838,000	4,337,000
Other Current Assets	1,150,000	1,489,000	1,968,000
Total Current Assets	16,061,000	15,025,000	15,587,000
Long Term Investments	-	-	-
Property Plant and Equipment	3,989,000	3,520,000	3,011,000
Goodwill	139,000	131,000	131,000
Intangible Assets	283,000	281,000	281,000
Accumulated Amortization	-	-	-
Other Assets	-	-	-
Deferred Long Term Asset Charges	2,787,000	2,422,000	2,587,000
Total Assets	23,259,000	21,379,000	21,597,000
Current Liabilities
Accounts Payable	5,143,000	5,313,000	6,151,000
Short/Current Long Term Debt	331,000	45,000	181,000
Other Current Liabilities	-	-	-
Total Current Liabilities	5,474,000	5,358,000	6,332,000
Long Term Debt	3,471,000	1,993,000	1,079,000
Other Liabilities	-	-	-
Deferred Long Term Liability Charges	1,907,000	1,770,000	1,479,000
Minority Interest	-	-	-
Negative Goodwill	-	-	-
Total Liabilities	10,852,000	9,121,000	8,890,000
Stockholders' Equity
Misc. Stocks Options Warrants	-	-	-
Redeemable Preferred Stock	-	-	-
Preferred Stock	-	-	-
Common Stock	3,000	3,000	3,000
Retained Earnings	3,979,000	4,151,000	4,685,000
Treasury Stock	-	-	-
Capital Surplus	8,638,000	7,786,000	6,773,000
Other Stockholder Equity	-213,000	318,000	1,246,000
Total Stockholder Equity	12,407,000	12,258,000	12,707,000
Net Tangible Assets	11,985,000	11,846,000	12,295,000

Search Yahoo Finance or any other credible source to retrieve the most recent income statement and balance sheet for a major leveraged corporation. Provide these statements in proper format. Also, retrieve the data on the company's stock annual rate of return for the past 20 years. In addition, retrieve annual rate of return of a major financial index. Present this data as well. Using the data on company's stock rate of return and the index's rate of return estimate beta of the corporation. Compare this value with the value stated by the source. Retrieve the riskfree rate of return as the annual interest rate of US treasuries. Based on these values estimate the expected annual rate of return of the corporation's security. Using the financial statements mentioned above estimate the annual rate of interest paid by the corporation (cost of debt). Also, find the tax rate and capitalization ratio (proportions among equity and debt). Using these values that you have found estimate the annual weighted cost of capital (WACC) of the corporation.

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