Shiny Cut Diamond Pty Ltd is an Australian company and a regional supplier of commercial-grade diamonds in the European market. The company is considering to secure its supply chain by investing in a diamond mining operation. Two countries have been identified for this venture - South Africa and Sierra Leone. The company plans to issue bonds and new ordinary shares to raise the money for the investment. Shiny Cut estimates the weighted average cost of capital for the project will be at 13%. The following data are the estimates for the project in these countries. South Africa Sierra Leone Initial investment ($000,000) 15 10 Land lease (years)