Suppose Your Company where you work as Finance Director is Financed by both debt (bonds) and equity (shares). In the recent Board Meeting, it was agreed that you needed to raise extra funds for capital Expenditure (K2 Million). Since your company is listed on the Lusaka Stock Exchange, you sold 400 worth of bonds at K2, 000 each at 5% coupon rate (A total of K800, 000 raised). The company further issued stocks (shares) totaling 12,000 at K100 each with an expected return of 6% (cost of equity). The company therefore managed to raise the required amount of K2, 000,000 for the desired capital expenditure. The Tax rate is at 35%. REQUIRED: Calculate the Weighted Average Cost of Capital (WACC) for your company- 15 Marks Total