what is the working out?

2. WACC You are asked to calculate Southhall Limited's WACC given the following information as at 30/06/2020: Bonds: 50,000 bonds carrying a 5% p.a. semi-annual coupon, face value of $100 per bond, maturing on 30/06/2033. The current bond yield is 2.8% per annum. Preference shares: Issued at $2 but currently trading at $2.75 with an annual dividend of 5.5%. There are 250,000 shares outstanding. Ordinary shares: Southhall shares have a beta the same as the market. They just paid a dividend of $1.20 and expect this to have a regular annual growth of 2%. The Australian Government bond is yielding 1.5% p.a. and the annual return on the market is 5%. There are 1 million shares outstanding. The tax rate is 30% Answer: 4.59%