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  "documentTitle": "Evercore | Investment Banking Pitch Book | 47 slides",
  "authorId": "evercore",
  "authorName": "Evercore",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2012-11-01 00:00:00",
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  "density": "balanced",
  "nDataPoints": 60,
  "notes": "Includes detailed footnotes explaining the calculation methodology for beta, WACC, and equity cost of capital.",
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      "kind": "source-note",
      "text": "Source: Predicted raw betas from FactSet, Adjusted Equity Beta calculated as: (0.67)*Raw Beta +(0.33)* 1.0; Unlevered Beta calculated as: Adjusted Equity Beta x (E/(E + D*(1-T)); 10-year Treasury as of November 8, 2012; Bloomberg; Equity Cost of Capital calculated as: Risk-free rate + (Levered Equity Beta x Market Risk Premium)",
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      "text": "Peer group data table showing stock prices, market equity value, debt, and beta metrics for McMoRan and 5 peers.",
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      "text": "WACC calculation breakdown comparing MMR to comparable companies.",
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      "text": "Weighted Average Cost of Capital",
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