The following information relates to questions 21 and 22. The following information has been extracted from the Financial Statements of CAPCO Ltd for the financial year ended 31 December 2020: Additional Information - The nominal rate of interest on the bank overdraft is 8%. Interest is calculated monthly. - The debentures of CAPCO Ltd are currently selling at $1,200. These debentures will mature in 27 years' time. - The preference shares are currently selling at \$18 each. - The ordinary shares are selling at $3.00 each. The last dividend payment was $0.45 per share and dividends are expected to grow at 4% indefinitely. - The company tax rate is 30%. Using the above information, calculate the weighted average cost of capital (WACC) for CAPCO Ltd. Calculate the final answer to 2 decimal places. The beta factor for CAPCO Ltd is 1.46. Expected market rate of return is 15% and risk-free rate is 5%. After calculating WACC in Question 21 above, how does the firm adjust its required rate of return for evaluating Project-P with beta factor 1.80 and Project-Q with beta factor 0.90 to avoid the risk of incorrect acceptance or rejection of projects