The total capital of Griffith Telecom is 75 million AUD and of this total capital, 40 million AUD is the equity capital. The cost of debt is 2.5% while the cost of equity is not known. According to your analysis, the risk-free rate is 1.2%, the expected market return is 6%, and the companys beta is 1.3. The companys tax rate is 25%. Task: The companys CFO instructed you to estimate the cost of the companys equity and the total cost of the companys capital based on what you have learned in the International Finance course that you have taken at Griffith. Provide all the workings (use up to 3 decimal places).