ABC Limited has the following book value capital structure: Equity share capital (150 mn shares of par value Rs 10) Rs 1500mn, Reserves & Surplus Rs 2250 mn, 10.5% preference capital ( 1 mn shares, Rs 100 parvalue) Rs 100 mn, 9.5% debentures (1.5 mn debentures, Rs 1000 par) Rs 1500mn, 8.5% Term loan from financial institutions Rs 500 mn .The debentures were issued 5 years ago, have 3 more years to maturity and are currently quoted at Rs 981 per debenture. The equity stock is trading at a rate of Rs 60 per share. The yield on long term government bonds is 5.5%. The average market risk premium is 8%. The beta of ABC Ltd is 1.18 , The preference stock of the company redeemable after 5 years is trading at Rs 98.15 per share.

Calculate the weighted average cost of capital using market value weights.