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The owner compiled and provided the following list of acceptable investment opportunities: Investment E с G A H 1 B IRR (%) 23 22 21 19 Initial investment (R) 200 000 100 000 300 000 200 000 100 000 400 000 300 000 12 9 8 The company aims to raise R1 000 000 for long-term investments. Capital budgets will be financed as per below: Log-term debt (40%): The company will borrow R400 000 at an after-tax cost of 8%. Ordinary shares (40%): The company will issue ordinary shares at the cost of 10%. Preferred shares: The company will finance the rest of the money by issuing preference shares at the cost of 13%. Calculate the company's weighted average cost of capital. (8 marks)