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Neptune plc has the following capital structure: Book Value Market Value Cost of each source Ordinary shares 500 1,200 20% Preference shares 200 500 15%

Neptune plc has the following capital structure:

Book Value Market Value Cost of each source

Ordinary shares 500 1,200 20%

Preference shares 200 500 15%

Irredeemable debt 300 300 10%

1,000 2,000

What is the weighted average cost of capital of the company?

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