2 (10 Marks) The following is the capital structure of Fleet Berhad: Capital Value (RM) Cost of Capital Bonds 4,000,000 7,59% Preferred stocks 2,500,000 9.00% Common stocks 12,500,000 6.21% Table 1: Fleets Capital Structure The companys tax rate is 24% and the beta is 1.6. The current risk-free rate cost is 3.15%, and market return is 8.5%. Required: a) Calculate the companys weighted average cost of capital (wacc)and adjusted wacc. (8 marks) Capital Structure Value (RM) Rate (%) Weig htage Wacc (%) Adj. Rate (%) Adj. wacc (%) b) Calculate the companys cost of capital based on Capital Asset Pricing Model. (2 marks)