Company 1 Company 1 is financed with debt, preference capital and ordinary equity, for which the following details are available, assume 20% tax rate: Debt: The firm has 20,000 corporate bonds on issue, each with a value of $1,100 and a mature after 9 years. The current yield to maturity is 15% per annum. Preference Capital: There are 2,000,000 preference shares on issue. The current preference share price is $342, and it pays annual preference dividends of $8. Ordinary Capital: 6,000,000 ordinary shares are on issue. The current ordinary share price is $120 per share, last dividend per share was $17. Dividends are expected to grow at a rate of 3% per year indefinitely, Find WACC