b) Manly Bhd is an all equity company listed on Bursa Malaysia. The company has issued 10 million shares at RM1 par, with a market price of RM45 in the exchange. Last year, the shareholders received a dividend of RM2.50. The company was estimated to have a beta of 0.66, and is expected to grow at 4% in the future. The 10-year Treasury rate is 4.5% per annum and the market offers a return of 20% annually. Calculate the company's cost of capital using: i) Gordon's dividend growth model (492 marks) ii) Capital Asset Pricing Model (472 marks) iii) Comment how the answers calculated in part (i) and (ii) can be useful to financial managers. (12 marks)