(6 marks) Question 3 11. a) CCC Berhad has a debt-equity ratio of 1.5. Its WACC is 12%, and its cost of debt is 12% The corporate tax is 35%. i Calculate CCC Berhad's cost of equity capital? (6 marks) Calculate CCC Berhad's unlevered costs of equity capital? (4 marks) 111. Calculate the cost of equity if the debt-equity ratio were 2 and calculate cost of equity if the debt-equity ratio changes to 1 and 0 respectively (9 marks) b) Discuss the differences between MM Proposition 1 with tax and MM Proposition 1 with no tax (6 marks)