Finding the WACC. Given the following information for Ingham Chicken Ltd, find the WACC under a classical tax system and an imputation tax system. (Please Assume that the preference and ordinary shares carry 100% franking credits at the 30% tax rate.) Assume the company's tax rate is 30%. Debt: 16,000 bonds, outstanding with a 6.2% coupon, $1,000 par value, 25 years to maturity, selling for 108% of par; the bonds make halfyearly payments. (It will be provided that the annual YTM of the bond, RD = 5.60%) Ordinary shares: 535,000 shares outstanding, selling for $81 per share; beta is 1.20. Preference shares: 4.2% preference shares, 20,000 outstanding, currently selling for $92 per share. The par value is $100. Market: 7% market risk premium and 3.1% riskfree rate.