=+Calculate a weighted average cost of capital given that the balance sheet entry

"Creditors falling due after more than one year' consists entirely of the nominal value of a debenture issue and this is the only form of debt you need to consider for a WACC calculation. The debenture will be redeemed at par in three years, it carries an annual coupon of 8 per cent (the next payment will be in one year) and it is presently trading in the market at 96.50 per £100 nominal. The total nominal value is £50m.