Information concering the capital structure of Agro Finance Company is as follows: Market values wners' equity ssued common stock capital R4 500 000 R1 000 000 Redemption reserve Redeemable preference shares R2 000 000 Retained earnings R1 200 000 Long-term debt ebentures R3 500 000 The current risk-free rate is 7,25%, while the current market portfolio retum is 12,2%. The company's beta is 1. The redeemable preference share capital was issued at R5 per share and is redeemable in four years' time at par value. An annual 10% dividend is paid at the end of each of the four years. The shares are currently trading at R5,50 per share. The 12% bonds are non-redeemable, with a par value of R120, and are currently trading at a 10% premium The company tax rate is 28%. REQUIRED: Calculate the cost of: (a) Ordinary shares (b) Preference shares c) Debt Using the table below and the given market values of every form of capital, calculate the weighted average cost of capital (WACC) for Agro Finance Company using your answers from the previous question. (5) Capital Source Weighting as Cost as Market value as rand two decimal percentage og value e.g R 1 000 000 points e.g 10.50% 0.20 Weighted cost bas figure eg 14.45 rdinary shares Preference shares Debt Total value