accounting

5. Hindustan Chemicals Ltd. has paid, up equity capital of Rs. 60,00,000 divided into 6,00,000 equity shares of Rs. 10 each. The current market price of the share is Rs. 24. During the current year, the company has paid a dividend of Rs. 6 per share. The company has also previously issued 14% preference shares of Rs. 10 each aggregating Rs. 30 lakhs and 13%50,000 Debentures of Rs. 100 each. The company's corporate tax rate is 40%, growth in dividends equity shares is expected at 5%, In case of preference shares the company has received only 95% of the face value of shares after deducting issue expenses. Calculate the Weighted Average Cost of Capital on the basis of book value weights and market value weights