(a) Karya Seni Berhad and Seni Bina Berhad are identical in every respect except that Karya Seni Berhad is unlevered while Seni Bina Berhad has RM2,000,000 of 5 percent debt outstanding. Assume that all of the Modigliani and Miller assumptions are met, the Earnings Before Interest and Tax is RM1,200,000 and the cost of equity to Karya Seni Berhad is 15 percent. Determine the Weighted Average Cost of Capital for Karya Seni Berhad. (6 marks) (b) Describe FOUR (4) principles of perfect capital market (4 marks) (b) State FOUR (4) assumptions efficient market. (4 marks)