8. Heliologic Corporation has a target capital structure of 40 percent debt and 60 percent equity. Current share price in the market is Taka 450. EPS for the latest year is Taka 68 and 50 percent is expected to be paid out as dividend. Firm's usual ROE is 25 percent. The 50 % payout ratio is normal for the company. The YTM on its bonds is 16 percent and its marginal tax rate is 38 percent. 1. Determine the cost of retained earnings, ke: 2. What is the WACC? 3. Assuming a flotation cost of 20% and new issue price of Tk 400 per share, what is the marginal cost of capital? 4. Assuming the company has 60 lac shares outstanding, what is the break point? How much debt is to be matched with available retained earnings