HighPitch Bhd decided to spend RM 25,000,000 on the new information technology system. The company has 3 types of the financing alternatives. Calculate the cost of capital for each alternative. (a) Alternative 1: Issue 5% bonds with 5 years to maturity at a price of RM 910. The underwriting fees will be 6% of the market price and the tax bracket for the company is 30%.