Breezban Ltd has asked you to estimate the WACC for their company. You have collected the following information: - The return on risk-free Australian Government Bonds is 2.5% per year. - Breezban Ltd has 1,000,000 shares outstanding and its shares are currently trading at $5.50 per share. - Beta of Breezban Ltd shares is 1.3, and the expected return on the market is 10.5%. - Breezban Ltd also has some outstanding debt (corporate bonds). These bonds have a face value of $1.2 million in total. Each bond has a face value of $1,200 and a coupon rate of 10% p.a. with semi-annual coupons. There are 10 years to maturity. The current price per bond is $900. - The company faces a 30% corporate tax rate