BMP Corp is contemplating the acquisition of a plant which will cost the company RM$150$ million. The projected Earnings Before Interest and Tax $($EBIT$)$ stand at RM$20$ million. Two financial plans are under consideration for the acquisition, with a corporate tax rate of $25\%.$ i$.$ Plan$1$ involves $100\%$ financing through equity. ii$.$ Plan$2$ entails financing $45\%$ of the plant purchase by issuing a bond with an $8\%$ yield. For comparison purposes a similar company in the stock market with a capital structure of $20\%$ debt and $80\%$ equity has a systematic risk of $1.$ The stock market's average return is $20\%.$ Currently the fixed deposit rate offered by banks stands at $2\mathrm{.}8\%,$ and the stock market considers this fixed deposit rate to be without any risk. a$.$ Calculate the weighted average cost of capital for both plan $1$ and plan$2.$