Santova Industries finances its projects with 40% debt, 10% preference share and 50% ordinary share.

The company can issue bonds at a yield to maturity 7.9%. The cost of preference share is 7.8%. The company's ordinary share currently sells for R25 a share. The company's dividend is currently R2. 46 a share and is expected to grow at a constant rate of 7% per year. Assume the floatation cost on debt and prefence share is zero and no nee share will be issued.

The company's tax rate is 28%

A) Calculate the cost of ordinary share. B) calculate after-tax cost of debt. C) Calculate the company's weighted average cost of capital (WACC)

NOTE: Do not round off your calculations only round off your final answer.