The ordinary shares are quoted at 80c. Assume the market estimate of the next ordinary dividend is 4c, growing thereafter at 12% per annum indefinitely. The preference shares which are irredeemable are quoted at 72c and the Ioan notes are quoted at par. Tax on profits is 33%. Required (c) Use the relevant data above to calculate the company's weighted average cost of capital (WACC), ie the return required by the providers of the three types of capital, using the respective market values as weighting factors. (6 marks)