MS Tech annual dividends for the last five (5) years: Year 2016 2017 2018 2019 2020 Dividend per share (RM) 0.044 0.052 0.084 0.084 0.098

After tax cost of debt= 8.17%

You are now required to calculate for MS Tech concerning their operations during the FYE 30 June 2020: i. Calculate the growth rate for MS Techs dividends from 2016 to 2020. Briefly explain what the number means. (3 marks) ii. Calculate MS Techs cost of equity in 2020 using the dividend growth model. Briefly explain what the number means. (3 marks) iii. Calculate the WACC for the firm in 2020, if MS Techs capital structure in 2020 consists of 83.7% common stock and 16.3% debt. Briefly explain what this number means.