The capstone pulls the whole course together into one piece of work you could show an employer or a professor. Do it after the ten modules. You mark it yourself against the rubric below; it is one of the two requirements for the certificate, with the final exam.
Prepare a five-page investment memo to a company's board. Part A: estimate the company's WACC from market data, showing every input and a sensitivity table. Part B: evaluate a hypothetical project in the company's industry with a five-year cash flow forecast (revenue, costs, depreciation, tax, capex, working capital), NPV, IRR and payback, plus three scenarios. Part C: recommend how to fund it (cash, debt or equity) with reference to the firm's current leverage and the trade-off and pecking order theories.
| Criterion | Weight |
|---|---|
| Correctness of calculations | 40% |
| Quality of assumptions | 25% |
| Financing argument | 25% |
| Clarity | 10% |
| Total | 100% |
Score each criterion out of its weight, honestly. A total of 70% or more is a pass. If you score lower, revise the weakest part and mark it again.
When your capstone is finished and marked against the rubric, record your score here. It is stored only in this browser.
Educational content only; not investment, tax or legal advice. Companies, tickers and figures are illustrative examples, not recommendations. Rules, rates and limits change, so check current details with the regulator, exchange or tax authority before relying on them. Worked examples are not forecasts. Written by Elizabeta Dimoska. RiskStock is not a registered dealer or adviser.