Distinguished - Accurately calculates the firm’s WACC. 

Proficient - Calculates the firm’s WACC with some minor errors or omissions.

Basic - Calculates the firm’s WACC with several relevant errors and/or omissions.

Below Expectations - Attempts to calculate the WACC; however, many significant errors and/or omissions are present.

Non-Performance - The calculation of the firm’s WACC is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Accurately calculates the traditional NPV of the project using the WACC and thoroughly explains if the project should be undertaken.

Proficient - Calculates the traditional NPV of the project using the WACC and explains if the project should be undertaken. There are few inaccuracies in the calculations or minor details are missing from the explanation.

Basic - Calculates the traditional NPV of the project using the WACC and partially explains if the project should be undertaken. There are several inaccuracies in the calculations and/or relevant details are missing from the explanation.

Below Expectations - Calculates the traditional NPV of the project using the WACC and attempts to explain if the project should be undertaken; however, there are many inaccuracies in the calculations and/or significant details are missing from the explanation.

Non-Performance - The calculation of traditional NPV and explanation if the project should be undertaken are either nonexistent or lack the components described in the assignment instructions.

Distinguished - Accurately calculates the required return on unlevered equity.

Proficient - Calculates the required return on unlevered equity with some minor inaccuracies or omissions.

Basic - Calculates the required return on unlevered equity with several relevant inaccuracies and/or omissions.

Below Expectations - Attempts to calculate the required return on unlevered equity; however, many significant inaccuracies and/or omissions are present.

Non-Performance - The calculation of required rate of return on unlevered equity is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Uses the APV method to correctly determine whether or not the project should be undertaken, and comprehensively explains why.

Proficient - Uses the APV method to correctly determine whether or not the project should be undertaken, and explains why. Minor details are missing from the explanation.

Basic - Uses the APV method to determine whether or not the project should be undertaken, and explains why. The determination is incorrect and/or relevant details are missing from the explanation.

Below Expectations - Uses the APV method to determine whether or not the project should be undertaken, and attempts to explain why; however, the APV method is not used, the determination is incorrect, and significant details are missing from the explanation.

Non-Performance - The determination of whether or not the project should be undertaken and the explanation why are either nonexistent or lack the components described in the assignment instructions.

Distinguished - Uses the FTE method to correctly determine whether or not the project should be undertaken and thoroughly explains why.

Proficient - Uses the FTE method to correctly determine whether or not the project should be undertaken and explains why. Minor details are missing from the explanation.

Basic - Uses the FTE method to determine whether or not the project should be undertaken and partially explains why. The determination is incorrect and/or relevant details are missing from the explanation.

Below Expectations - Uses the FTE method to determine whether or not the project should be undertaken and attempts to explain why; however, the FTE method is not used, the determination is incorrect, and significant details are missing from the explanation.

Non-Performance - The FTE calculation to determine whether or not the project should be undertaken and the explanation why are either nonexistent or lack the components described in the assignment instructions.

Distinguished - All calculations are correct and adequately all inclusive. Calculations are presented clearly and succinctly.

Proficient - Calculations are mostly accurate and adequately comprehensive to solve the problem.

Basic - Calculations are somewhat accurate and/or represent only a limited number of the calculations required to solve the problem.

Below Expectations - Calculations were attempted but are incorrect and are not comprehensive.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors and is very easy to understand.

Proficient - Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors and is mostly easy to understand.

Basic - Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors which may slightly distract the reader.

Below Expectations - Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors which distract the reader.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.