9. Zuja Consultant Bhd. is seeking your financial advice to determine the firm's cost of long term financing. The following data are relevant to your task and you are required to calculate cost of each financing. Bond is issued at par value. The cost of debt before tax is 9 percent annually. The firm's tax bracket is 40 percent. The preferred share is RM138.70 with ongoing dividend of 12 percent based on market price. The floatation cost is 20 percent of the par value RM100. Its common share is currently selling at RM40 per share. The last dividend paid was RM3.50 and the dividend is expected to grow at constant rate of 5 percent. Calculate WACC if the company holds 30% of debt, 20% of common share and 50% of preferred share on its capital. (Answer =11.47%)