The assignment is worth 25% of the final grade and is based on material covered up to December recess. It consists of two questions: Question 1 calculates the weighted average cost of capital (WACC) for XYZ Ltd as at 31 December 2009, taking into account the initial capital investment, dividends, creditors due in more than one year, long-term loan, and debentures. The second part of the question asks to calculate WACC if XYZ Ltd paid corporate tax rates at 30%. Question 2 calculates net sterling receipts for Slade's three and six month transactions using forward foreign exchange market and money market, considering other relevant issues.