From the recently published financial statements for Entroc Ltd., your client has obtained the following information Long-term Debt $ 1,000,000 100,000 2,000,000 $3,100,000 Balance Sheet as at 31 March 2023 Bonds: Par $100, semi-annual coupon 14% p.a., 6 yrs to maturity Equity Preference Shares: Par $10, annual dividend 60 cents per share Ordinary Shares: 1 million issued TOT AL From the financial markets, your client has ascertained the following: Yield to maturity on 6 yr Entroc Ltd. corporate bonds: 6% p.a. Required return on Entroc Ltd. preference shares: 9% p.a. Entroc Ltd. ordinary shares last dividend declared: $0.20 Forecast future growth rate of Entroc Ltd. ordinary share dividend: 5% p.a. Required return on Entroc Ltd. ordinary shares: 12% p.a. Required: (a) Calculate the intrinsic/market valuation on 31 March 2023 of one Entroc Ltd.: (i) bond (ii) preference share (iii) ordinary share. (5 marks) (b) Calculatethetotalintrinsic/marketvaluationon31March2023ofEntrocLtds: (i) long-term debt (ii) preference shares (iii) ordinary shares. (3 marks) (c) Compare the book and market values for each of the long-term sources of finance currently used by Entroc Ltd. and briefly explain why any differences that your client observes have occurred.