Question 2 Given the following data: a) 10% debentures with a face value of $500 000. The debentures were issued in 31 March 2008 and are due on 31 March 2016. The current market price is $387 816.96. b) Preference shares with a face value of $400 000. The annual dividend is $6 per share. The shares are currently selling at $60 per share. c) 60 000 ordinary shares of $10 par value. The share is currently selling at $50 per share. The dividends per share for the past several years are as follows: Year $ 2008 2.00 2009 2.16 2010 2.37 2011 2.60 2012 2.80 2013 2.08 2014 2.38 2015 2.70 Required Assuming a tax rate of 35%, compute the firms weighted average cost of capital (WACC) using book value.