XYZ Ltd provides the following information about its capital structure:

90-day Bank Bill with a face value of $500,000. These bills are currently yielding 5% per annum. XYZ tends to use such bills on a revolving basis.

60,000 bonds with a face value of $100 each are selling at $96. The coupon rate for these bonds is 5%. These bonds pay coupon semi-annually and have ten more years to maturity.

6 million ordinary shares on issue.They were originally issued at $1, and today these shares are selling at $1.5 per share. XYZ is expected to pay a dividend of $0.30 in the next period. The past few years dividends have grown consistently at 3% per annum and this situation is expected to continue.

If the corporate tax rate is 30 per cent, then what is the company's weighted average cost of capital?

Keep Two decimal places for all your market value answersand do put $ sign and 1000 separator (e.g. $10,000.26)

Use percentage for all rates and also keep Two decimal places(e.g.5 .79%)

Market Value of Bank Bill =EAR of Bank Bill =

Market Value of Bonds=EAR of Bonds=

Market Value of Shares=Ke=

WACC=