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a) Discuss the circumstances under which the Weighted Average Cost of Capital can be used in investment appraisal. (b) Burse Co. Ltd wishes to calculate its Weighted Average Cost of Capital and the following information relates to the company at the current time: Burse Co. Ltd expects share prices to increase in the future at an average rate of 6% per year. The convertible debt can be redeemed at par in eight years' time, or converted in six years' time into 15 shares of Burse Co. Ltd per TZS. 100 bond. REQUIRED: Calculate the market value Weighted Average Cost of Capital of Burse Co. Ltd. State clearly any assumptions that you make. c) Compare and contrast the dividend growth model and the Capital Asset Pricing Model as they are used in estimating the cost of equity of a company