1.3 A company is raising capital for expanding the company. The capital will be raised by means of the following financial sources: Bond: R450,000 Common stock issue: R300,000 Retained earnings: R1,200,000 Short-term debt: R550,000 The after-tax cost of the sources are as follows: Common stock issue: 8% Short-term debt: 9% Bond: 7% Retained earnings: 5% Determine the WACC for the company's expansion