Quo Plc is funded by a mixture of bonds, preference shares and ordinary shares. Based on

the following information calculate the firm's WACC. $($Ignore tax$)$

a$.$ The firm has $100$ million ordinary shares in issue

b$.$ The bonds have a total book value of $20m$

c$.$ The shares have just paid a dividend of $5p$

d$.$ Dividends are expected to grow at steady rate of $5\%$ per year

e$.$ The bonds, which have a face value of $100$ currently trade at $127\mathrm{.}76$

f$.$ The beta of the firm's shares is $1\mathrm{.}3$

g$.$ The preference shares pay a regular $($fixed$)$ dividend of $6\mathrm{.}15p$ a year

h$.$ The risk free rate of interest is $3\%$

i$.$ The preference shares currently trade at $82p$

j$.$ The bonds have $5$ years left to maturity and have a coupon rate of $12\%$

k$.$ The expected market risk premium is $8\%$

There are $6$ million preference shares in issue