Ex-C Calculate the WACC of AOI Ltd, using the following information. Statement of financial performance extract Liabilities 4 year bonds ($100 par) $10,000,000 Shareholders' funds Paid-up capital ordinary shares ($1 par) $25,000,000 Preference shares ($10 par) $5,000,000 Additional information The ordinary shares are currently trading at $4.20 per share. Commonwealth government bonds trade at 5%. The return on the market portfolio is 13.5%. AOI's beta is 1.25. Its bonds are priced at $96.50 and its preference shares are trading at par The coupon on the bonds is 7%, paid annually, The preference shares pay a $1.20 dividend No company or personal taxes are levied, The existing capital structure is unlikely to change