Your task is to determine the WACC for a given firm using whatyou know about WACC as well as data you can find through research.Your deliverable is a brief report in which you state yourdetermination of WACC, describe and justify how you determined thenumber, and provide relevant information as to the sources of yourdata. Select a publicly traded company that has debt or bonds andcommon stock to calculate the current WACC. One good source forfinancial data for companies as well as data about their equity isYahoo! Finance. By looking around this site, you should be able tofind the market capitalization (E) as well as the ? for anypublicly traded company. There are not many places left where dataabout corporate bonds is still available. One of them is the FinraBonds website. To find data for a particular company’s bonds, findthe Quick Search feature, then be sure to specify corporate bondsand type in the name of the issuing company. This should give you alist of all of the company’s outstanding bond issues. Clicking onthe symbol for a given bond issue will lead you to the currentamount outstanding and the yield to maturity. You are interested inboth. The total of all bonds outstanding is D in the above formula.If you like, you can use the YTM on a bond issue that is notcallable as the pre-tax cost of debt for the company. Assumptions:As you recall, the formula for WACC is: rWACC = (E/E+D) rE +D/(E+D) rD (1-TC) The formula for the required return on a givenequity investment is: ri= rf + ?i * (RMkt-rf) RMkt-rf is the MarketRisk Premium. For this project, you may assume the Market RiskPremium is 5% unless you can develop a better number. rf is therisk free rate. The risk free rate is normally the yield on USTreasury securities such as a 10-year treasury. For thisassignment, please use 3.5%. You may assume a corporate tax rate of40%. Use the company Johnson and Johnson