Camille's Enterprise consist of debt, common and preferred stock in the ration 2:5:3, respectively. The $100 tagged preferred stocks pays dividends of S8. Addition information for Camille's The Enterprise's components are given below: Bond with 20 years to maturity has a face value of $1000 and sells for 98% of its face. The coupon rate is 8% paid semiannually. The company's pays tax at a rate of 40 percent. Common stock which is priced at $60 per share is expected to pay a $3.00 dividend at year's end. The dividend is expected to grow at a constant rate of 7 percent a year. Determine the enterprise's weighted average cost of capital. (8 marks)