You are the finance manager of Builders Ltd with a total capital of SHS.10 Billion composed as follows: 20% bank loan from Stan bic bank ltd 4 billion 12% preferred stock 1 billion Common stock 3 billion Retained earnings 2 billion The business anticipates that dividends on ordinary shares will be SHS.15, 000 per share and the market value of the shares is SHS. 25,000 per share. The dividends are expected to grow at 8% per year forever and the company is in a 30% corporation tax bracket. Your boss the managing director has directed you to determine the weighted average cost of capital to enable him make informed decisions for the company. How would you respond to your boss directive if you are to factor in the dividend growth rate?