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The following is an extract from the Statement of Financial Position of Adaraniwon Plc as at 3 0 June, 2 0 2 1 N 0

The following is an extract from the Statement of Financial Position of Adaraniwon Plc as at 30 June, 2021
N000
Ordinary share of 50K each 5,200
Reserves 4,850
3% Preference 4,500
7% debenture 5,000
19,550
The ordinary shares are quoted at 80k. Assume that the market value of the next ordinary dividend is 4k growing thereafter at 12% per annum indefinitely. The preference shares which are irredeemable are quoted at 72K and the debentures are quoted at per. Corporation tax is 33%.
Required:
Use the relevant data above to estimate the companys weighted average cost of capital (WACC) i.e. the return required by the providers of three typed of capital, using the respective market values as weighting factors.

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