Q2 Question 2 14 Points The annual report of WTC Ltd provides the following information about the firm. It has 20 million ordinary shares outstanding with a current market price of $1.50 per share. The beta of ordinary shares is 1.5, the market risk premium is 8% p.a. and the riskfree rate is 6% p.a. The firm's debt consists of 100,000 bonds paying an annual coupon rate of 10% at the end of each year and maturing in 4 years' time. Each bond has a face value of $100 and the current yield to maturity on these bonds is 8.0% p.a. The company tax rate is 30%. Q2.1 Question 2.1 10 Points Calculate WTC's after-tax weighted average cost of capital. Show all calculations