1. Ordinary shares of Sandy Ltd ex-div market value of sh.47.00 per share and an ordinary dividend of Sh.3.63 per share has just been paid. 2. The following dividends have been paid over the past four years: Year 2013 2014 2015 2016 Dividend per share (Sh) 3.09 3.22 3.36 3.50 3. The preference shares are not redeemable and have an ex-div market value of 40 cents per share. 4. The 7% bond is redeemable at 5% premium to their nominal value of sh. 100 per bond and have an ex-interest market value of Sh. 104.50. 5. The bank loan has a variable interest rate that has averaged 4% per year in recent years. 6. The corporate tax rate is 30% Required: (i) The weighted average cost of capital (WACC). (4 marks)