Z$1$ Traders Ltd issued $1750000,$ R$5$ ordinary shares with a current market price of R$7,25$ per share. The latest dividend paid was $75$ cents and an $8\%$ average growth for the past twelve years were achieved. The company issued $250000,11\%$ preference shares at R$5$ each, with a current market price of R$9$ per share. Z$1$ Traders Ltd has a public traded debt with a face value of R$1000000$ at a coupon rate of $12\%$ and a yield to maturity of $14\%.$ The debenture has five years to maturity. A bank overdraft of R$500000$ is due in three years at an annual interest rate of $15\%.$ The company's beta is $1\mathrm{.}1$ with a risk$-$free rate of $6\%$ and a market return of $13\%.$ The company is taxed at $27\%.$ Required: $3\mathrm{.}1$ Calculate the weighted cost of capital using the Gordon Growth Model. $(20$ Marks$)3\mathrm{.}2$ Calculate the weighted average cost of capital using the Capital Asset Pricing Model to calculate the cost of equity. $(5$ Marks$)$