(a) Evans Ltd. is a manufacturer of vitamin supplements. Evans has 10 million common shares outstanding that are currently selling at K7.50 per share. It also has a K25 million face value bond issue outstanding that has 7 years remaining until maturity, carries a \5 coupon paid semi-annually, and is currently priced to yield \6. Flotation costs are \7 before-tax on new issu of common equity. Evans's marginal tax rate is \33. What is the appropriate weight for common equity when determining Evans's weightec average cost of capital, assuming that Evans intends to finance new project using retained earnings? (4 marks)