ICE Bnd has issued 5 million ordinary shares, with a market price of RM10.00 each. The company has RM1 million of irredeemable 13% debentures in issue. with a market price of RM85 per RM100 nominal value. It also has issued bouw preference shares at 15%, with a nominal value per share of RM1, and will a market value of RM1.45. The tax rate is 24% per annum. Recently, the company has recorded its current earnings of RM1.5 million, and paid dividends in the past years as below: 0024 Per 080(112) Do 2013: RM0.80 - 2014: RM0.90 D2 2015: RM1.00 D3 2016: RM0.85 0 2017: RM1.20 Using the information given above, calculate the weighted average cost of capital of TEE Bhd. (12 marks) ICE Bnd has issued 5 million ordinary shares, with a market price of RM10.00 each. The company has RM1 million of irredeemable 13% debentures in issue. with a market price of RM85 per RM100 nominal value. It also has issued bouw preference shares at 15%, with a nominal value per share of RM1, and will a market value of RM1.45. The tax rate is 24% per annum. Recently, the company has recorded its current earnings of RM1.5 million, and paid dividends in the past years as below: 0024 Per 080(112) Do 2013: RM0.80 - 2014: RM0.90 D2 2015: RM1.00 D3 2016: RM0.85 0 2017: RM1.20 Using the information given above, calculate the weighted average cost of capital of TEE Bhd. (12 marks)