Calculate the company's cost of capital (WACC) using market values.

Chondria Ltd issued corporate bonds with a coupon rate of 8.4%. The par value is R 100 and the bonds are stated on the balance sheet at its total par value of R80m. The bonds are currently trading at a price of R94. Interest is payable annually in arrears. The maturity date is in 4 years' time. The company has also obtained a variable-interest loan finance of R10 million at a current interest rate of 9.2% per year. The company has 200 000 non-redeemable preference shares in issue with a par value R100. Preference dividends are payable annually in arrears. The non-redeemable preference shares are currently priced at R108. The coupon rate is 9% and the company has recently paid the preference dividend for the current year. The company's equity beta is 1.15 and the risk-free rate is 7%. The company uses a market premium of 6.5%. The current share price is R3.20 and the company has 30 million ordinary shares in issue. The corporate tax rate is 28%