please answer 1.2

Question 1 (20) The following information was extracted from the most recent statement of financial position of Swift Logistics Ltd Ordinary shares issued Ws Retained income Irredeemable 12% preference shares WP Long-term loans R'000 1 000 800 3 200 13 000 2 . . annum Additional information: The company has 1 500 000 ordinary shares in issue. The current declared dividend is R3,50 According to the latest annual report the company expects dividends to grow by 4% per Shareholders require a return of 22% The preference shares are non-convertible and similar preference shares are currently trading at 10% The long-term loan matures 5 years from today and carries an interest rate of 12.86%. The current long-term loan rate for a similar loan is 17.15%. n The tax rate is 30%. Required: Show all calculations and formulas and round off all final calculations to the nearest rand. 1.1. Calculate the current market value of the company. (14) 1.2. Calculate the current weighted average cost of capital (WACC) of the company based (6) on the market value weights. raz(w; xn )+ (wp xp)+(ws xporn