In detail, explain what you understand by WACC. [5 Marks] Mathenthenyana Industries is a large tyre manufacturing company based in Francistown whose debt has a market value of P40 million and pays 15-percent rate of interest on the debt whose beta is 1.41. The company has 3 million outstanding shares of stock each selling for P20 per share. The corporate tax rate is 34 percent. The risk premium on the market is 9.5 percent and the risk-free rate is 11 percent. i.ii.iii.iv.FindthecostofequityFindtheafter-taxcostofdebtFindtheweightofdebtandequityrespectivelyCalculateMathenthenyanasWACCandcommentonwhatitmeans.[3marks][3marks][4marks][4marks]