a) The following is extracted from the latest balance sheet of Solarin Corporation: 1,000,000 ordinary shares of common stock currently selling at $40 per share. Such shares has a beta of 12 20,000 bonds outstanding with an 6% annual coupon rate, 10 years to maturity, a $1,000 face value. The bonds have a $950 market price. 500,000 shares of preferred stock pay a $2 annual dividend. The shares sell for $10 per share. The current risk-free rate is 4% and the market return is 12%. Tax rate is 40% . . i) Compute the market value of the bonds. (2 marks) ii) Compute the return required by bond holders. (2 marks) iii) Compute the market value of the preffered shares. (2 marks) iv) Compute the return required by preferred shareholders. (2 marks) v) Compute the market value of the common stocks. (2 marks) vi) Compute the return required by common stock holders. (2 marks) vii) Compute the WACC of Solarin Corporation