Masco Limited wishes to raise additional finance of ` 10 lakhs for meeting its investment plans. It has ` 2,10,000 in the form of retained earnings available for investment purposes. Further details are as following: (1) Debt / Equity mix 3:7 (2) Cost of debt: Upto ` 1,80,000 10% (before tax) Beyond ` 1,80,000 16% (before tax) (3) Earnings per share ` 4 (4) Dividend pay out 50% of earnings (5) Expected growth rate of dividend 10% (6) Current market price per share ` 44 (7) Tax rate 50% You are required to: (a) DETERMINE the pattern for raising the additional finance. (b) DETERMINE the post-tax average cost of additional debt. (c) DETERMINE the cost of retained earnings and cost of equity. (d) COMPUTE the overall weighted average after tax cost of additional finance. please provide explanation of every step thanks