Discuss the recent developments and issues facing your firm now and in the foreseeable future.

Company Analysis ProjectThe Company Analysis project is designed to give you a chance to practically apply the material covered during the course in a “real-world” scenario as well as to familiarize you with the business research resources available to you. After you have completed the project, you should be comfortable researching any company in which you may want to invest, seek employment, or do business.Company Selection: Pick a firm that has been publicly traded for at least five year, pays dividend and has debt. (Make sure it has long-term debt in the balance sheet)Report: Your written report should be 5-6 pages long (typed and double spaced; tables and graphs can be submitted as appendices) and should include the following information: 1)Title page: •The company name.•Ticker symbol•Stock exchange where your company trades. •Recent stock price. You may use the stock price on the day you started working on this report. (provide the date).2)Company and Industry Description: Provide an introduction and description of the company and the industry. What is the mission of the firm and what does the firm do? Provide a brief history of the firm as well as a brief summary of any recent major news events related to the company. Please remember to cite all your sources. •Use the following link to find the Annual Report for your company: https://www.sec.gov/edgar/searchedgar/companysearch.html 3)Financial Statement and Ratio Analysis: •Use the past three years financial statements from “Yahoo Finance”. •Provide a brief discussion of the Balance Sheet, Income Statement and Statement of Cash Flows. This discussion should highlight a few key items that you consider particularly noteworthy and not be a rehash of numbers from the statements themselves. •An analysis of the financial ratios, including trends, and explanation of their significance. The most important part of this section is your interpretation and analysis of the ratios rather than the ratios themselves. •Using the Financial statements in Yahoo Finance, calculate the following ratios for the past three years. (Please do this in excel and attach the excel file).a)Current Ratiob)Long-term Debt to Equity Ratio c)Profit Margin d)Return on Assetse)Return on Equityf)Price to Earnings (only most recent)g)Market to Book (only most recent)4)Cost of Debt: •Provide an analysis of the credit-worthiness of your company (incorporate debt and liquidity ratios). This section should include a discussion of the bond-rating and resulting cost of debt capital. •Use the following link to find the list of traded bonds and bond-rating for your company: https://finra-markets.morningstar.com/BondCenter/Default.jsp?part=3 5)Cost of Common Equity: •CAPM Model: oThis section should include your company’s Beta (from Yahoo Finance) and the resulting cost of common equity using the CAPM model. (Assume that the current Market Risk Premium is 6% and the Risk-free rate is 1.5%)oCompare the Beta of your firm to the Beta of two other firms in the same industry. (You can use the Beta from Yahoo finance for the Beta of the comparable firms.) oProvide a discussion of the riskiness of your company’s stock in terms of Beta. 6)Dividends:oHow much and how often does the firm pay common stock dividends? What is the dividend payout ratio? Do the comparable firms pay dividends and what is their dividend payout ratio?oHas the company significantly changed its dividend payments over the past 3 years? If so, what factors could possible explain the shift? You may consult the firm’s annual report to see if there is any discussion and/or explanation for these changes.7)Capital Structure: •Provide a pie-chart (only for the most recent year) showing the breakdown of the firm’s capital into the various components, e.g., long-term debt, preferred stock, and common equity capital. Include the weights and value of each component in the pie-chart.•Has the company significantly changed its capital structure over the past 3 years? If so, what factors could possible explain the shift? You may consult the firm’s annual report to see if there is any discussion and/or explanation for these changes.8)Discuss the recent developments and issues facing your firm now and in the foreseeable future. Talk about the firm’s future prospects. Address both positive and negative aspects of the firm’s current condition and outlook. 9)Provide a conclusion with recommendations (buy, sell, hold) based on your analysis.