Satin Products Ltd currently has $150 million of market value debt outstanding. The 8 per cent coupon bonds (semiannual pay) have a maturity of 10 years, a face value of $1000 and are currently priced at $955.68 per bond. The company also has an issue of 1.8 million preference shares outstanding with a market price of $21.50. The preference shares offer an annual dividend of $1.85. Satin Products also has 12 million ordinary shares outstanding with a price of $18.00 per share. The company is expected to pay a $2.50 ordinary dividend 1 year from today, and that dividend is expected to increase by 5 per cent per year forever. If the corporate tax rate is 28 per cent, then what is the companys weighted average cost of capital? show caluclations