calvulate the after tax cost of debt for expert steel and aluminum ltd

QUESTION 1 MACZ2002 AL5SE55UECT FWE (S) 81-2023 system as an alfernative energy soure stran. The diectors rave decided to imest in a solar powser: average cost of capial The following is an extract from the statemers of fianow/ poshon at s1 March 2023 Notes 1. The historical average issua price of ordinary shares is 250 cents/The latest known share pnce is 625 cents. Expert Steel and Aluminium Ltd has just declared and paid a dividend of 25 cents in ine with its stable annual growth, the company is expecting to declare a dividend of 28 cents. for the year ended 31 March 2024 The government bonds (nisk-tree rate) currently yield 7% and the company's beta is estimated at 1,2 while the market risk premium is 7,9%. 2. Similar debentures are trading at 10% per annum. The interest is payable annually in arrears and the redemption date of these debentures is 31 March 2028. 3. The long-term loan is repayable in three years time and carnes an interest rate of prime rate + 2%. The current prime rate is 10,5%. Additional information 1. The current effective tax rate is 28%. All percentages given are before tax, unless where otherwise stated