Birye Trabers uses a conbination of thares and debt in their capital structure. The detais are gren beiow There are 800000 Ds orinary thares in istue and the current market price is R7.70 per share. The latest ducteted pad wat 02 cents and a 11% average growth for the past eight years was mbintained. TTe conntany has 460000 RS, 10% prelerence shares with a market price of R6 per share. Bregs Traters hat a pulic tabed debl with a tace value of R14 000000 . The coupon rate of the debenture is the and the arreet yieds to maturty of 13%. The debenture has 6 years to maturity. They alue 'have a tarik overtraft of R6 000000 dve in 3 years' time and interest is charged at 15% per annum. Assitional information: - Brrge Trabers has a beta of 1.6. a risk-tree rate of 7.1% and a return on the market of 17.7%. - Concany tas rate is 30\% Required: 31 Calculate the weighted average cost of capital, using the Capital Asset Pricing Model to calculate the cost of equity. (22 marks) 32 Calculate the cost of equily, using the Gordon Growth Model