CAL Ltd. is a company that deals in food production. The company is financed by 60% equity and 40% debt at market values. Its equity beta is given as 1.6. The following information is noted;- The debt securities of Pare Ltd. are considered risk free. The return on an average equity in the food industry is 20% per annum. Required a. Calculate the companys cost of capital. b. Calculate its cost of debt. c. Determine the WACC. d. What would be the firms cost of equity and hence its WACC if it were an all equity finance firm?