$(3$ pts$)$ You are given the following information about Electronics plc$.$ It has an equity beta of $1\mathrm{.}33$ and is expected to pay a dividend next year of $$2\mathrm{.}00$ per share with a constant growth rate of $5\%.$ There are $1$ million shares outstanding, and it is fairly valued. It also has nominal debt of $$20$ million issued at $10$ per cent and maturing in $5$ years. Yields on similar debt have dropped to $8$ per cent. The risk$-$free rate is $6$ per cent and the expected market return is $13\mathrm{.}5$ per cent. Calculate the cost of capital of Electronics Plc$.$ The tax rate is $30\%.$