Question Craftsman Homes Ltd (CHL) designs and builds prefabricated homes throughout Australia. After working with company accountants, you obtain the following information: CHL has 4 million preference shares on issue, which are currently trading for $4.00 each. They pay an annual dividend of 35 cents. CHL has 5 million ordinary shares on issue, which are currently trading for $4.80 each. The beta of these shares is 1.3; the risk-free rate of return is 2.5%; and the expected return on the market is 5.5%. CHL has 22,000 bonds outstanding with a face value (and market value) of $1000 each. The yield on the bonds is 4% p.a. The corporate tax rate is 30%. Please answer the following questions and provide your response in the space below. Part A, B, C Separately calculate the following components of Weighted Average Cost of Capital: a. What is the firm's cost of ordinary shares? b. What is the firm's cost of preference shares? c. What is the firm's after-tax cost of debt