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It seems the already existing solution to this question has some errors regarding the use of semi-annual rates. Please can I get a clear solution with explanation?

Problem - WACC The Florida Keys Holiday Resorts Company (FKHRC) has several bonds issues outstanding, each making semi-annual interest payments. The bonds are listed in the table below: Bond issue Coupon [% Price [%| Maturity Face value p.a.| [years] [dollars] 1 5.20 98 5 20,000,000 6.40 105 18 40,000,000 3 7.20 1 10 32 60,000,000 Company has 800,000 ordinary shares outstanding, one share sells at 88 dollars at New York Stock Exchange. The company has a beta of 0.90 and will pay a dividend of $3.20 next year. The dividend is expected to grow by 5% per year indenitely. Market risk premium is expected at a level of6. 1%. To support business growth in the past, the company had to issue 250,000 preference shares that pay a xed dividend of 8.4%. Face value of one preference share is 100 dollars, but they sell at the NYSE at 140 dollars each. The United States Treasury Bills are currently yielding 5.50% pa, and corporate tax rate is 35%. Find the WACC for F KHRC and comment your calculations and ndings