Based on the balance sheet as at 31st December, 2017, the capital structure of an agribusiness firm, JY Ltd, is given as follows: Common stock K5,000,000; Long term debt K2,500,000; Preferred stock K1,500,000. The expected rates of return for these capital components are 13%, 11.5% and 12.7% respectively. Calculate the; a) The weight of each capital component in this capital structure. (3 Marks) b) The weighted average cost of capital assuming that there is no tax. (4 Marks) c) The weighted average cost of capital (WACC) given that the tax rate is 35% and indicate the effects of tax on the overall cost of capital. (6