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.