Apple Inc WACC Project

For the beta selection process, I have decided to average the Yahoo Finance and my regression beta. My next step was to drop the Value Line beta. I decided to drop the value line beta because the data lacked in similarity compared to the other two betas. The Yahoo Finance beta for 5 years monthly was 1.22, and my regression beta for 5 years monthly was 1.27 ("Apple Inc. (AAPL) Stock Price, News, Quote & History", 2021). The Value Line beta was 1.05, but it did not specify how it was calculated. The website did not allow for a specific time frame to be entered in which causes the data in this article to be inadequate for the five years that I selected. The average of the Yahoo Finance beta and my regression beta is 1.25.

“Apple Inc. (AAPL) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 14 Apr. 2021, finance.yahoo.com/quote/AAPL?p=AAPL&.tsrc=fin-srch.