The following information is available from the balance sheet of the company:

A

Source of Capital Amt, in rs

Equity Share Capital $15,00,000$

$9\%$ Preference Shares $15,00,000$

$12\%$ Debentures $30,00,000$

Total $60,00,000$

Determine the weighted average cost of capital of the company. It had been paying dividends at a rate of rs$.12$ per share, income tax is $30\%$ and the current market price of & $100$ per share is rs$\mathrm{.}120.$