a)Given the following information for Centerpoint Technologies Berhad (CTB), find the WACC. Assume the tax rate is 35 percent.

Debt:

2,500 7.75 percent coupon bonds outstanding, RM1,000 par value, 8 years to maturity, selling for 103 percent of par; the bonds make annual payments.

Common Stock:

75,000 shares outstanding selling for RM50 per share, the beta is 0.85.

Preferred Stock:

10,000 shares of 5 percent preferred stock outstanding, currently selling for RM80 per share.

Market:

5 percent market risk premium and 6 percent risk-free rate.

Hints: First, find market value (MV) of these sources of financing (MV_Debt; MV_Equity; and MV_{Preferred Stock}), then calculate the value of the firm (V). You also need to calculate YTM for the bond.