Zeus Ltd has 39.13 million ordinary shares on issue with a book value of $100.40 per share. The company does not have any preferred stock and always maintains an equal debt-equity ratio. Last year the company paid a dividend of $10 and plans to pay $11 dividend this year. They will always maintain this growth in future. Zeus has an estimated beta of 1.90. Treasury bills currently yield 4.5 per cent and the market risk premium is assumed to be 7.94 per cent. The inflation rate is 7%, and the company tax rate is 30 per cent. The firm has five debt issues outstanding with the weighted average cost of debt of 7.15 per cent and the Market value of debt is $1.474 billion. Calculate the WACC for Zeus Ltd. Show detailed calculation