a. What are clock purchase warrants What are the similarities and Ley differences between the effects of warranty and those of convertibles on the firm's ability to raise new capital? th. Wilton Cooling System Land has a set of Tk 1.000.000, ERIT of T. 200,000 and prefere dividend of T. 200.00 and is taxed at a rate of 4. In an effort to determine the optimal capital nocture, the firm has assembled data on the cost of debt, the number of shares of common stock for various levels of indebtedness and the overall required return on investment Capital Structure Contor No of Common Required rate of Deht Ratio (N) Dch (N) stock Sures return (1) 0 0 200), X 20 5 180, 10 40 N 120,0%) 60 8,000 Required: 1. Calculate catning per share for each level of indebtedness ii. Une caring per shareport to calculate the price per share for each level of indebtedness ill. Choose optimal capital structure and justify your choice 10