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Dale has the following sources of long-term finance: Book value 2,000,000 Ordinary shares (par value 1 per share) Debentures (par value 1,000 per bond) Total

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Dale has the following sources of long-term finance: Book value 2,000,000 Ordinary shares (par value 1 per share) Debentures (par value 1,000 per bond) Total 1,000,000 3,000,000 Dale Pic's ordinary shares are currently priced at 3.00 per share in the market, and the current bond price per 1,000 is 1,500 The company's cost of equity is 10% and the cost of debt is 6%. Calculate Dale Plc's weighted average cost of capital (WACC), O 8.796 896 9.296 8.896

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