1) The nature of the firm's working capital management policies. Focus in this determination should be on overall current asset investment and financing policies, rather than the company's adoption of policies relating to specific current asset categories, such as inventories or receivables.2) Determination of the cost of the various sources of costly (interest-bearing) financing used by the firm and, based on this information, Fortescue Metals Group Limited's overall weighted average cost of capital (WACC).3) The nature of the firm's earnings distribution and dividend payout policies. This should include discussion of the type of dividend policy employed, whether the firm has an identifiable target dividend policy or payout ratio, changes in dividend payout amounts or patterns, and the consideration of taxation, dividend imputation and franking credit issues and wider elements associated with the firm's overall earnings management and distribution practices.4) The nature of the firm's capital structure determination policy, including identification of specific policy adoption or usage if relevant, whether the firm appears to have target or optimal capital structure ratios, and the determinants of the firm's capital structure choice.5) Assuming the following information about different projects of the company, conduct a quantitative assessment of Fortescue Metals Group Limited's capital budget and provide a recommendation of the optimal capital budget for the company for the 2016 financial year and an analytical justification for how the optimal capital budget should be funded and any implications of this for their current financial management policies in place.