DECEMBER2019 Keats Bhd capital structure consists of 50% debt, 30% common stock, and 20% preferred stock. The company has three potential development projects The projects initial investment and their required rates of return are given below: Project Initial Investment (RM) Rate of Return% Delima 800,000 11 Cempaka 900,000 16 Baiduri 500,000 18 The following are the sources of funds for the above investments: Common stock Market price is RM10 per share and the current dividend is RM1 per share. The expected growth rate is 8%. For the first RM600,000 issuance of the common stock, the flotation cost is 5% of selling price. Beyond RM600,000 the flotation cost will be 10% of the selling price. Preferred Shares The cost of 4% for the first RM300,000. Further additional amount required will cost 7%. Debt The cost after tax is 10% for the first RM500,000. If additional amount is required, the cost after tax will be 15%. You are required to required to: A) Determine the weighted marginal cost (WMCC) and construct the investment opportunity schedule (105) graph