Additional Information: i. The Long-Term debt consists of 8% annual coupon bonds, with 15 years to maturity and are currently selling for 95% of par. ii. The companys common shares which have a book value of $20 per share are currently selling at $25 per share.

iii. Preferred shares have a book value of $100 per share. These shares are currently selling at $120 per share and pays dividends of 6% per annum on book value. iv. The dividend growth rate is expected to be 3%, and dividend for 2023 is projected to be $5.00 per share. v. The Companys Tax rate is 30%. Required: Determine the following for Tram-Ropes Limited: A. Total Market value of the firms capital structure (3 marks) B. After-tax Cost of Debt (2 marks) C. Cost of Common Stock (2 marks) D. Cost of Preferred Stock (1 mark) E. WACC (2 marks)

Reference is made to the 2022 Balance Sheet of Tram-Ropes limited