Growth Company's current share price is $ 20.20 and it is expected to pay a $ 0.90 dividend per share next year. After that, the firm's dividends are expected to grow at a rate of 4.3 % per year.

a. What is an estimate of Growth Company's cost of equity?

b. Growth Company also has preference shares outstanding that pay a $ 1.95 fixed dividend. If these shares are currently priced at $ 27.95, what is Growth Company's cost of preference shares?

c. Growth Company has existing debt issued three years ago with a coupon rate of 5.8 %. The firm just issued new debt at par with a coupon rate of 6.9 %. What is Growth Company's pre-tax cost of debt?

d. Growth Company has 5.2 million ordinary shares outstanding and 1.3 million preference shares outstanding, and its equity has a total book value of $ 49.9 million. Its liabilities have a market value of $ 19.6 million. If Growth Company's ordinary and preference shares are priced as in parts a and b, what is the market value of Growth Company's assets?

e. Growth Company faces a 38 % tax rate. Given the information in parts a-d, and your answers to those problems, what is Growth Company's WACC?