Based on your financial statement analysis on Gold Limited $($Gold$),$ you noted as it has a target debt$-$to$-$equity structure of $0\mathrm{.}75.$ Gold$$s shares currently trade at $$6\mathrm{.}60.$ Dividends paid last year were $$0\mathrm{.}50$ and this is expected to grow at $3\%$ per year to perpetuity. Its pre$-$tax cost of debt is $8\%.$

Market research also revealed as follows:

$$ Inflation rate $=2\%$

$$ Yield on government securities $=4\%$

$$ Market risk premium $=6\%$

$$ Tax rate $=20\%$

Solve for Gold$$s weighted average cost of capital.