analyst following Baobab Limited has compiled the information in the table below for the year ended 31 December 2021 to prepare for an additional analysis. This analysis will be included in a report she was asked to produce (data is in hundreds of millions of rands). Baobab Limited uses preference shares, bond and equity financing. Security type Market value Required rate of return Preference shares R300 6% Bonds R1000 10% Shares R700 14% Total R2000 Preference share dividends R50 Net income available to common shareholders R320 Increase in investment in working capital R60 Increase in investment in fixed capital R120 Net borrowing R90 Income resulting from reversal of restructuring charges R25 Depreciation R40 Amortisation of long-term bond discount R100 Interest expense R100 Tax rate 30% Long-term growth rate of FCFF 3% Long-term growth rate of FCFE 4% Calculate the weighted average cost of capital (WACC) of Boabab Ltd