Adonai Estates Limited, established 10 years ago, is a listed medium size real estate development company in Ghana, its capital structure is made up of the following components. • 10,000 bomds face...

Adonai Estates Limited, established 10 years ago, is a listed medium size real estate development
company in Ghana, its capital structure is made up of the following components.
• 10,000 bomds face value of Ghs1,000.
• 2 million shares of 7% preference stocks with face value Ghs100 and
• 5 million shares of common stocks.
Yield to maturity of bonds with similar characteristics is 7%.
The preference shares are selling for Ghs60 a share. The common stock has a beta of 1.5 and sells Ghs50 a share.
Risk free rate is 3% and market return is 15%.
Tax rate is 16.5%.
Required:
What is Adonai Estate Limited weighted average cost of capital?