Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.Mary Francis has just returned to her office after attending preliminary discussions with investment bankers. Her last meeting regarding the intended capital structure of Apix went well, and she calls you into her office to discuss the next steps.“We will need to determine the required return for our intended project so that we have a decision criteria defined for the project,” she says.“Do you have the information I need to describe capital structure and to calculate the weighted average cost of capital (WACC)?” you ask.“I do,” she smiles. “We can determine the target WACC for Apix Printing Inc., given these assumptions,” she says as she hands you a piece of paper that says the following: Weights of 40% debt and 60% common equity (no preferred equity) A 35% tax rate Cost of debt is 8% Beta of the company is 1.5 Risk-free rate is 2% Return on the market is 11% “Great,” you say. “Thanks.”“Be sure to indicate how these costs of capital might be used to determine the feasibility of the capital project,” Mary says. “I want your recommendation about which is more appropriate to apply to project evaluation, too. Let me know what you think.”“One more thing,” she says as she stands up to signal the end of the meeting. “You did a good job with the explanations that you provided Luke the other day. Would you have time to define marginal cost of capital for me so I can include it in my discussions with investors? You seem to have a knack for making things accessible to nonfinancial folks.” “No problem,” you say. “I’m glad my explanations are so useful!” For this assignment, complete the following:Describe capital structure. Determine the WACC given the above assumptions. Indicate how these might be useful to determine the feasibility of the capital project. Recommend which is more appropriate to apply to project evaluation. Define marginal cost of capital.

For the Portfolio Project, you will select an organization that has yet to enter the global business world. The organization can be one for which you work, one with which you are familiar, or one you locate through research. You will need to have this organization approved by your instructor, when you submit your first Portfolio Project Milestone. If you are not using the company for which you work, it is best to find a publicly traded company, because publicly traded companies are subject to providing information that private companies are not required to provide, which will help you immensely in your research. Consider the following scenario: The organization you have chosen has decided that it would like to “go global” in terms of operations. You have been hired as the Human Resource Manager for the new global initiative. No research has been conducted as of yet on this global initiative, so you will be laying all of the groundwork for the decisions that will be involved regarding human resources. Your Portfolio Project assignment is to create a report that will be used by the organization’s decision makers. Your report should include the following elements, in the order given below: Globalization and Your Organization: Discuss how globalization has impacted your selected organization. Specifically, explain why it is likely that your selected organization would benefit from entering/expanding into a new market. Organizational Profile: Provide a detailed profile of your chosen organization to give the necessary background information, so the reader understands the type of company this is, what product or service it sells, how it operates, what its financial position is, etc. (Approximately 1 to 2 pages.) Cultural Differences: As we have learned throughout this course, cultural differences are one of the major challenges facing international human resource professionals. Provide an in-depth discussion of the various cultural challenges, both domestic and foreign, that HR will encounter. Ensure that you pick a country in which this organization will expand. Then describe how these challenges will be faced and overcome. Make sure to provide specific examples that are relevant to the selected country and organization. Management Strategy: Finally, based on what you have learned throughout the course, discuss how you would manage employees from a foreign country differently than those in the domestic country. Additionally, explain how technological innovations would allow you to more effectively manage the workforce. Importantly, you should propose 3 to 4 specific strategies that an international human resource manager should adopt to better manage employees working in a foreign country.