QUESTION $3$

$(25$ Marks$)$

$21$ Traders Lad issued $1750000.$ R$5$ ordinary shares who a curert ratet prot of RI $25$ per share. The latest dividend paid was $75$ cents and an BS averge growth for the past twetie years sere achieved.

The company issued $250000,11\%$ preference shares ar RS each, eth a corent maset phoe of R$9$ per share.

$21$ Traders Let has a public traded debt with a face value of RT $000000$ as a coupon sale st $12\%$ and a jeid to maturty of $144$h$.$ The debertare has five yeas to maturty.

The company's bets is $1\mathrm{.}1$ with s risk free rate of $64$ and a mast return of $134.$ The expany is taxed at $27\%$

Required:

$34$ Caloulate the weighted cost of caplar using the Gordan Gosef Moder.

$(20$ Marts$)$

$32$ Caloulate the segfted average cost of capisal using the Capis. Anset Pricing Model to colouste the cost of equity.

$(5$ Mats$)$