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The following information has been extracted from the financial statements of Reliance International Limited for the year ended 3 1 December 2 0 2 2

The following information has been extracted from the financial statements of Reliance International Limited for the year ended 31 December 2022:
Equity shares of $1 each : $1,000,000
8% Preference shares of $1 each : $ 400,000
12% Redeemable Debentures of $100 each : $ 300,000
The current market value of an equity share is $1.30 before paying the equity dividend. The market value of the redeemable debenture (which is redeemable at 10% premium in 2 years) is $108 per debenture. The preference shares current market value is $0.60 per share.
The rate of growth of this company is expected to be 8% every year and the current year equity dividend will be $100,000 which is due to be paid. The preference dividend and debenture interest have been already paid. The corporate tax will be 26%
Required:
(a) Calculate the Cost of Equity
(b) Calculate the Cost of Preference Shares
(c) Calculate the Cost of Debt (Redeemable Debentures)
(d) Calculate the Weighted Average Cost of Capital (WACC)
Clear and accurate answers needed with step-by-step explanation, please

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