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Capital Ltd has a capital structure that is financed, based on current market values, with24percent debt,18percent perpetual preference shares, and58percent ordinary shares. If the return

Capital Ltd has a capital structure that is financed, based on current market values, with24percent debt,18percent perpetual preference shares, and58percent ordinary shares. If the return offered to the investors for each of those sources is8percent,11percent, and18percent for debt, perpetual preference shares, and ordinary shares, respectively, then what is Capital's after-tax WACC? Assume that the company's tax rate is 40 percent.

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