$1)$ You have finally saved RM$10,000$ and are ready to make your first investment. You have the following three alternatives for investing that money:Company$\_$X$,$ bonds, which have a par value of RM$1,000$ and a coupon interest rate of $8\mathrm{.}75$ percent, are selling for RM$1,314$ and mature in $12$ years.Company$\_$Y preferred stock is paying a dividend of RM$2\mathrm{.}50$ and selling for RM$25\mathrm{.}50.$Company$\_$Z common stock is selling for RM$36\mathrm{.}75.$ The stock recently paid an RM$1\mathrm{.}32$ dividend, and the firms earnings per share have increased from RM$1\mathrm{.}49$ to RM$3\mathrm{.}06$ in the past five years. The firm expects to grow at the same rate for the foreseeable future. You are required rates of return for these investments are $6$ per cent for the bond, $7$ per cent for the preferred stock, and $15$ per cent for the common stock. Using this information, answer the following questions.a$)$ Calculate the value of each investment based on your required rate of return. $(10$m$)$b$)$ Assume Company$\_$Z managers expect an earnings downturn and a resulting decrease in growth of $3$ per cent. Discuss how does this affect your answers to part $1($a$)?(20$m$)$c$)$ Suppose Company$\_$Z wants to accelerate its depreciation method to generate RM$2$ million in cash. If its tax rate is $34\%,$ determine the additional depreciation expense it would need to generate the extra cash? $(20$m$)$