Consider the following current market data on Beach Fun's securities: Debt: 15 000, 12% coupon bonds, 10 years to maturity, selling at a discount of R800. The bonds have a R1 000 par value each and make quarterly payments. Preference shares: 16 000, 30% preference shares (R30 fixed dividend) in issue selling for R250.00 per share. The cost of preference shares is 12%. Ordinary shares: 300 000 shares in issue, selling for R80 per share; the share's beta coefficient (B) is 1.5. Ordinary share capital represents 60% of total capital. Market-related data: 11% average return on the market; 5% risk free rate. Beach Fun's tax rate is 28%. Calculate the after-tax cost of debt. Calculate the cost of ordinary shares. Calculate the weighted average cost of capital (WACC). minimum rate of return the firm m