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The capital of (xyz) company is 120 million: The company rotates 35% of its capital through debt, 5% through preferred shares, and 60% from ordinary

The capital of (xyz) company is 120 million: The company rotates 35% of its capital through debt, 5% through preferred shares, and 60% from ordinary shares. The interest rate on the companys debt is 9% and the tax rate is 25%. The share price is excellent, amounting to 53 riyals, and the annual rate of return is 7 riyals per share The average market share is 62 riyals, and the company has recently distributed shares worth 2 riyals per share The company's stock growth rate is 6% Issuance cost per share is 3%. If you find out that the company has recently issued new ordinary shares, calculate the average cost of capital for company xyz

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