The following information relates to the Saturn Mining Corporation Ltd. Saturn has 100,000 bonds outstanding with a face value of $100 each, which have 3 years to maturity and pay an-annual 5% coupon. The yield on the bonds is 4% p.a. Saturns marginal corporate tax rate is 30%. Saturn has 3 million preference shares on issue, which are currently trading for $2.75 each, giving a total market value of $8.25 million. They pay an annual dividend of 10 cents. Saturn has 7 million ordinary shares on issue, which are currently trading for $5.00 each, giving a total market value of $35 million. These shares are expected to pay an annual dividend of $0.50 next year, and this dividend is expected to grow at a constant rate of 2% in perpetuity. a. What is the market value of Saturns bonds? [5 marks] b. What is Saturns cost of preference shares? [2 marks] c. What is Saturns cost of ordinary shares? [3 marks] d. What is Saturns WACC? [5 marks]