BBIC plans to embark on a new investment in 2023 and will require RM50,000,000. The investment is expected to provide a return on invested capital (ROIC) of 16%. As of 31st December 2022, the Net Income stood at RM10,000,000. The company intends to pay Dividends amounting to RM2,000,000 and retained the balance. The number of shares is 10 million units. The expected growth rate of the dividends is 3.13%. The share price is currently RM1.55. The company is currently financed with 50% Debt. The Beta of the company at this level of debt is 1.2. The riskfree rate is 3% and investment analysts have estimated the Market Return is 18%. The corporate tax rate is 30%. The company intends to reduce the use of debt and will finance the new project with 30% debt and 70% equity. The Fair to Us (FTU) Bank have indicated that any borrowing will have the following costs. Debt Amount Interest Rate The first RM3,450,000 10% RM3,450,000 to RM15,000,000 12% More than RM15,000,000 15% The cost of issuing new shares will be 3% and will be added to the cost of equity. Evaluate the situation and determine whether the company should go ahead with their plan. Analysis should include the cost of capital at each of the financing stages