Michincha Berhad has a market capitalization of RM20 million, comprising 2 million ordinary shares. It also has an RM60 million debt with an interest rate of 8%. The firm's required rate of return is 20%, and there is no tax. Required: a. Determine the rate of return required by shareholders if the firm were financed entirely with equity. b. Calculate the firm's current overall cost of capital. c. Determine the firm's earnings before interest and tax (EBIT). d. The management proposed that Michincha Berhad issues RM20 million additional shares and use the proceeds to redeem some of its debt. Calculate:- i) the value of Michincha Berhad ii) the weighted average cost of capital e. Suppose Michincha Berhad has to pay a corporate tax of 24%. Calculate the following: i) the value of Michincha Berhad ii) the weighted average cost of capital iii) the firm's cost of equity