WACC for a company: Share Ltd has a capital structure that is financed, based on current market values, with 21 per cent debt, 19 per cent preference shares and 60 per cent ordinary shares. If the return offered to the investors for each of those sources is 11 per cent, 12 per cent and 18 per cent for debt, preference shares and ordinary shares, respectively, then what is Share Ltds after-tax WACC? Assume that the companys corporate tax rate is 40 per cent.

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