9. A company has the following long-term capital outstanding as on 31 March 2013:

(a) 10 per cent debentures with a face value of 500,000. The debentures were issued in 2006 and are due on 31 March 2013. The current market price of a debenture is 950.

(b) Preference shares with al face value of 400,000. The annual dividend is 6 per share. The preference shares are currently selling at 60 per share.

(c) Sixty thousand ordinary shares of 10 par value. The share is currently selling at 50 per share. The dividends per share for the past few years are as follows: Year Year 2006 2.00 2010 2.80 2007 2.16 2011 3.08 2008 2.37 2012 3.38 2009 2.60 2013 3.70 Assuming a tax rate of 35 per cent, compute the firm's weighted average cost of capital.