You have arranged the following sources of funding:

(i) $200,000 from a 5-year fixed interest loan whose annual loan payments are $48,126.91.

(ii) $250,000 from a 5-year zero-coupon bond with a face value of $350,000.

(iii) $300,000 from an ordinary share issue where a dividend of $18,000 will be paid in one year and it is expected to grow at 3% per annum.

(iv) $250,000 from a 5-year coupon-paying bond issue whose coupon rate is 7% and face value is $250,000.

What is the discount rate given above sources of financing? Hint: The discount rate should be the weighted average cost of capital.