Welcome to the WACC Card Game!

You are the CFO of a firm. Each round you receive three cards:

• Cost of Equity: 0–15%
• Cost of Debt: 3–7%
• Equity Share: 0–100%

Your opponent gets three hidden cards.

You bet on who will have the lower WACC.

You can:

• Place an initial bet to see 1 opponent card
• Add more money to see more information
• Fold at any time before showdown