Orchid Plc has a capital structure consisting of 80% ordinary share capital and 20% preference share capital.

The preference dividends are currently trading at 2 per share, and the preference dividend is 0.40 per share.

Orchid Plc's ordinary shares are trading at 12 per share and the most recent dividend paid was 0.60 per share. The dividend amount is expected to grow by 5% next year and this rate of growth is expected to continue for the foreseeable future.

What is Orchid Plc's weighted average cost of capital?

		12%
		12.2%
		18.05%
		10.25%