Contributor Guide

Contributor Guide#

The purpose of this guide is to provide the necessary background such that you can make improvements to the Cost-of-Capital-Calculator (CCC) and share them with others working on the model.

CCC code is tracked by using the version control software Git. Following the next steps will get you up and running and contributing to the model even if you’ve never used Git or other version control software.

If you have already completed the Setup Python and Setup Git sections, please skip to Workflow.

Setup Python#

CCC is written in the Python programming language. Download and install the free Anaconda distribution of Python 3.7 from Anaconda. You must do this even if you already have Python installed on your computer because the Anaconda distribution contains additional Python packages that are used by CCC (many of which are not included in other Python installations). You can install the Anaconda distribution without having administrative privileges on your computer and the Anaconda distribution will not interfere with any Python installation that came as part of your computer’s operating system.

Setup Git#

  1. Create a GitHub user account.

  2. Install Git on your local machine by following steps 1-4 on Git setup.

  3. Tell Git to remember your GitHub password by following steps 1-4 on password setup.

  4. Sign in to GitHub and create your own remote repository (repo) of CCC by clicking Fork in the upper right corner of the CCC GitHub page. Select your username when asked “Where should we fork this repository?”

  5. From your command line, navigate to the directory on your computer where you would like your local repo to live.

  6. Create a local repo by entering at the command line the text after the $. [1] This step creates a directory called Cost-of-Capital-Calculator in the directory that you specified in the prior step:

    $ git clone[github-username]/Cost-of-Capital-Calculator.git
  7. From your command line or terminal, navigate to your local Cost-of-Capital-Calculator directory.

  8. Make it easier to push your local work to others and pull others’ work to your local machine by entering at the command line:

    $ cd Cost-of-Capital-Calculator
    Cost-of-Capital-Calculator$ git remote add upstream
  9. Create a conda environment with all of the necessary packages to execute the source code:

    Cost-of-Capital-Calculator$ conda env create
  10. The prior command will create a conda environment called “ccc-dev”. Activate this environment as follows:

    Cost-of-Capital-Calculator$ conda activate ccc-dev

If you’ve made it this far, you’ve successfully made a remote copy (a fork) of the central CCC repo. That remote repo is hosted on You’ve also created a local repo (a clone) that lives on your machine and only you can see; you will make your changes to the CCC model by editing the files in the Cost-of-Capital-Calculator directory on your machine and then submitting those changes to your local repo. As a new contributor, you will push your changes from your local repo to your remote repo when you’re ready to share that work with the team.

Don’t be alarmed if the above paragraph is confusing. The following section introduces some standard Git practices and guides you through the contribution process.


The following text describes a typical workflow for changing CCC. Different workflows may be necessary in some situations, in which case other contributors are here to help.

  1. Before you edit the CCC source code on your machine, make sure you have the latest version of the central CCC repository by executing the following four Git commands:

    1. Tell Git to switch to the master branch in your local repo. Navigate to your local Cost-of-Capital-Calculator directory and enter the following text at the command line:

      Cost-of-Capital-Calculator$ git checkout master
    2. Download all of the content from the central CCC repo:

      Cost-of-Capital-Calculator$ git fetch upstream
    3. Update your local master branch to contain the latest content of the central master branch using merge. This step ensures that you are working with the latest version of CCC:

      Cost-of-Capital-Calculator$ git merge upstream/master
    4. Push the updated master branch in your local repo to your GitHub repo:

      Cost-of-Capital-Calculator$ git push origin master
  2. Create a new branch on your local machine. Think of your branches as a way to organize your projects. If you want to work on this documentation, for example, create a separate branch for that work. If you want to change an element of the CCC model, create a different branch for that project:

    Cost-of-Capital-Calculator$ git checkout -b [new-branch-name]
  3. As you make changes, frequently check that your changes do not introduce bugs or degrade the accuracy of the CCC. To do this, run the following command from the command line from inside the Cost-of-Capital-Calculator/ccc directory:

    Cost-of-Capital-Calculator/ccc$ py.test

    If the tests do not pass, try to fix the issue by using the information provided by the error message. If this isn’t possible or doesn’t work, we are here to help.

  4. Now you’re ready to commit your changes to your local repo using the code below. The first line of code tells Git to track a file. Use “git status” to find all the files you’ve edited, and “git add” each of the files that you’d like Git to track. As a rule, do not add large files. If you’d like to add a file that is larger than 25 MB, please contact the other contributors and ask how to proceed. The second line of code commits your changes to your local repo and allows you to create a commit message; this should be a short description of your changes.

    Tip: Committing often is a good idea as Git keeps a record of your changes. This means that you can always revert to a previous version of your work if you need to. Do this to commit:

    Cost-of-Capital-Calculator$ git add [filename]
    Cost-of-Capital-Calculator$ git commit -m "[description-of-your-commit]"
  5. Periodically, make sure that the branch you created in step 2 is in sync with the changes other contributors are making to the central master branch by fetching upstream and merging upstream/master into your branch:

    Cost-of-Capital-Calculator$ git fetch upstream
    Cost-of-Capital-Calculator$ git merge upstream/master

    You may need to resolve conflicts that arise when another contributor changed the same section of code that you are changing. Feel free to ask other contributors for guidance if this happens to you. If you do need to fix a merge conflict, re-run the test suite afterwards (step 4.)

  6. When you are ready for other team members to review your code, make your final commit and push your local branch to your remote repo:

    Cost-of-Capital-Calculator$ git push origin [new-branch-name]
  7. From the user interface, open a pull request.

  8. When you open a GitHub pull request, a code coverage report will be automatically generated. If your branch adds new code that is not tested, the code coverage percent will decline and the number of untested statements (“misses” in the report) will increase. If this happens, you need to add to your branch one or more tests of your newly added code. Add tests so that the number of untested statements is the same as it is on the master branch.

Simple Usage#

Examples coming soon…