\fQUESDN 2 [11 marks] The most recent nancial statements for Kingshars Ltd. are shown below: Statement of |[Zomprehensive Statement of Financial Position Income Sales R3 EDD Non-current assets Costs R2 coo Current assets Depreciation R Q [I Net income before Total Assets interest and tax R Till] Interest paid R t] Net income before tax R E Equity Taxes {34%} R 221 Long-term debt Net income after tax R 429 |Creditors Total Er:|r.tltjr and Dividend paid R Elli] Liabilities Retained income R 129 2.1 The cost of equity is 13% and the cost of debt is 9%. The relevant tax rate is 34%. What is the weighted average cost of capital MACE}? [5} 2.2 What is the external nancing needed (EFNJ if Kingfishers Ltd wants to grow with 40% in 2020 and the following assumptions are made: o All assets increase spontaneously. :- Creditors increase spontaneously. :- The same pricing leiD'f will he maintained and operating expenses will increase pro rats. .- The same retention ratio will also he maintained. [3] Total = 2l} merits