Question 2 The most recent financial information of Janana Informa Communications Ltd is provided for the year 2020. Jaana Informa Communications Ltd Balance Sheet As At 31" December 2020 GHC-000 GHC'000 Fixed Assets 46,850 Current Assets 8,640 Current Liabilities 1,440 7,200 Total Assets less Current Liabilities 54.050 8% Preference Shares (GHC1.00) 10,600 12% Debentures (Redeemable in January 2028) 20,200 10% Bank Loans 8,250 39,050 15.000 Ordinary Shares (GHC0.50) 12,000 Reserves 3,000 15.000 Additional Information: i) Yields on Treasury Bills 8% ii) Company Equity Beta 1.50 iii) Market Risk Premium 5.4% iv) Current ex-div. Ordinary share price GHC2.50 v) Current ex-div. Preference share price GHC0.60 vi) Current ex-interest Debenture market value GHC105 vii) Corporation Tax 25% Required: Calculate: a) Using Capital Assets Pricing Model (CAPM) the cost of Equity Capital b) Cost of Preference Share Capital c) Cost of Debt before Taxation d) Cost of Debt after Taxation e) Weighted Average Cost of Capital (WACC) (15 Marks) 130 Marks/