4. 100 1,000, 7% : 1.5%, 0.5% 500 50% A company is willing to issue 1,000,7% irredeemable debentures of Rs. 100 each and for which the company will have to incur the following expenses : Underwriting commission 1.5%, Brokerage 0.5%, printing and other expenses Rs. 500. Assume that company's tax rate is 50%. Find out the cost of capital