The following information relates to IMO Corporation: IMO Corporation has 100,000 preference shares trading at $7 each. Ten years ago, the company issued bonds with a total face value of $5 million. One bond has a face value of $200,000. The bonds have a coupon rate of 1% p.a. and coupons are paid annually. The bonds mature in ten years from today. The bonds currently yield 2% per annum. The return on the stock market is 4% p.a., the government bond rate is 1% p.a., and the company tax rate is 30%. The company has 1 million ordinary shares outstanding that are currently priced at $8 each and have a beta of 0.50. What proportion of the firm's capital structure is ordinary equity? [Where applicable, show as much working out as possible, otherwise you may be penalised]. The following information relates to FWB Corporation: The risk-free rate is 2% p.a. and the company tax rate is 30%. FWB Corporation has 900,000 preference shares trading at $1 each. The company's bonds have a total market value of $5,000,000, they have a coupon rate of 7% p.a. and current yield to maturity is 1% per annum. FWB Corporation has 7 million ordinary shares outstanding that are currently priced at $3 each and have a beta of 0.4. The required return on ordinary equity is 10% per annum. The Face Value of the preference shares is $2 each and the dividend rate is 4% per annum. What is FWB Corporation's WACC? [Where applicable, show as much working out as possible, otherwise you may be penalised]