(b) Malindi Kenya Limited a listed company at the Nairobi Securities Exchange (NSE) has the following capital structure for the year ended 31.12.2022 Capital and Liabilities Kshs Ordinary shares Kshs 20 each; 4,000,000shares 80,000,000 12% preference shares of Kshs 1,000 each; 50,000 shares 50,000,000 Retained earnings 100,000,000 40,000,000 15% Loan from a Bank 30,000,000 16% debentures of Kshs 1,000 each; 30, 000 debentures The company paid a dividend of Kshs 20 on ordinary shares and the shares are currently trading at Kshs 150 at Nairobi Securities Exchange (NSE). The firm has 10% ordinary dividend growth policy. The 12% preference shares are currently trading at Kshs 1,300 per