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GAG plc 6m ordinary 1 shares stands at 30p; 700,000 preference shares of 1 each quoted at 50p; 1m debenture stock in issue, quoted at

GAG plc 6m ordinary 1 shares stands at 30p; 700,000 preference shares of 1 each quoted at 50p; 1m debenture stock in issue, quoted at 50 per 100 of nominal stock. The cost of capital of these securities is 19%, 12% and 8% respectively. If this capital structure is to be maintained. Estimate the weighted average cost of capital?

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