Gbewaa Ghana Ltd has issued 10 million shares with a market value of GHd5 per share. The equity beta of the company is 1.2. The current yield of short-term government debt is 14% per annum, and the equity risk premium is approximately 5% per annum. The debt finance of Gbewaa Ghana Ltd consists of bonds with a book value of GHe10,000,000. These bonds pay interest at 18% per annum, and market value of each bond is 110%. The company's tax rate is 25%. The company also has 50,000 preferred stocks with a market price of GH20.00 per share and paid dividend of GH$10.00 last year. Required; Calculate Gbewaa Ghana Ltd,'s Cost of Capital.