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A company is planning to invest in a project. The required capital for the project is Rs.100 Million. In the capital 30 Million Rupees raised

A company is planning to invest in a project. The required capital for the project is Rs.100 Million. In the capital 30 Million Rupees raised through debt and the company will pay 11 % interest on it. The company also issued preference shares and raised 20 Million Rupees and will give 13% as a dividend on it. The rest of the amount for the project raised through Equity Shares at the cost of 19%. Calculate the Average Cost of Capital when corporate tax is 30%.

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