Dear Sir/ Madam, Could you please explain to me the intuition behind the steps involved in slides 21-26 of the attached? Why are we calculating the WACC for Marriott Corporation? and why in slides 27-30 we are calculating WACC for Lodging? what is the difference? Could you please clearly state to me the formulas from step 1 till step 5 for both WACCs? and why are we calculating the beta un-levered and why are we calculating the beta levered from it? what does both betas mean? Thank you very much!!
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