Question 5 (10 Marks) .. What is a fimm weighted average cost of capital (WACC)? Describe the step-by-step process for estimating WACC. (1 Marks) Click or tap here to enter text b. Apex ltd has a 1.5 beta and the risk-free rate is 4% with an expected market return of 12%. Apex Ltd used equity and debt source to raise the funds and currently has $80 million of shares outstanding. And they issued a bond with a total face value of 570 million. Currently, the shares sell for $ 6.5, and the bond is currently priced to yield 7%. The debt was publicly traded and quoted 75% of the face value. What is Apex Itd.'s WACC if the tax rate is 20%? (3 Marks) Click or tap here to enter text. What is cash dividends and explain the types of cash dividends. (1 Marks) 1. Explain the below key concepts in dividend policy. Dividend Stability Special dividends Dividend reinvestment schemes (3 Marks) Click or tap here to enter text. Most of the leading companies prefer to issue stock dividends instead of a cash dividend. Explain? (2 Marks)