1. why the Lodging line has a lower WACC compared to the rest?

2. Why does Lodging usually have a higher level of debt?

3. Why do banks charge more or less for each line of business?

4. The WACC of the corporation must be between the ranges of its divisions?

5. Why does beta influence so much?

	% Debt	% Equity	Cost of Debt	Cost of Equity	Estimated Tax Rate	% Sales	Beta	WACC
Marriott Corporation	60.00%	40.00%	10.02%	16.97%	44.10%	100.00%	1.11	10.50%
Lodging	74.00%	26.00%	9.82%	19.22%	44.10%	41.00%	1.41	9.10%
Contract services	40.00%	60.00%	10.12%	14.44%	44.10%	46.00%	0.77	10.90%
Restaurants	42.00%	58.00%	10.52%	18.38%	44.10%	13.00%	1.30	13.10%