Capital Structure Murni is considering RM 10 million for an expansion of the manufacturing business. This business is expected to generate the cash inflows after tax of RM50,000 for the first two years and will increasing by RM 30,000 for the next two years. Currently the company owned 250,000 numbers of outstanding shares. The price of the share is RM25, while the last year dividend for the company was RM 5.50 and the expected dividend is RM 5.775. The floatation cost is 6%. Murni also has a 25,000 units of bond. The bond has been issued 25 years ago and still have 15-years remaining life. The coupon rate is at 8%. The underwriting fees is 6% and the bond is expected to sell at 7% premium. Assume that the company tax rate is 40%. Calculate the net present value with considering the floatation cost