the balance sheet of Murdoch pty ltd as at 30 June 2019 reveals the following information

paid-up capital (1,000,000 shares) $3000

bank overdraft $1000

account payable $1500

mortgage bonds $1000 face value (10%) $4000

the following additional information about the firm

A) the company marginal tax rate is 30 cents in dollar. the proportion of tax collected from the company the is claimed by shareholders is 0.6.

b) the market price per mortgage bond is $1000. the bonds mature 10 years from today and the next interest payment is due in six months.

C) the financial press advise that short term overdraft rates are currently 12% per annum compounded daily. the company has been using bank overdraft in the past ten years.

D) the most recent annual dividend for ordinary shares was 40 cents. the company's dividend are fully franked and the dividend per share should continue to increase at 6 percent growth rate into the indefinite future. the market price of the shares is currently $5.80; however, issue costs of 50 cents per share are expected if new shares are issued.

Clearly show the relevant cost of capital for each source of finance and compute the weighted average cost of capital (WACC).