Mundar Mandir Berhad (MMB)'s before tax cost of debt is 8%. MMB's perpetual preferred stock is at a price of RM60 a share. The preferred stock issue is expected to pay a constant annual dividend of RM4.20 a share. Meanwhile, MMB's common stock sells for RM45.00, and dividends paid last year were RM1.20. The dividends is expected to grow at 8% indefinitely. The tax rate is 35%. From the above information, you are required to answer the following questions. a. Compute: i. after-tax cost of debt (4 Marks) ii. cost of preferred stocks (4 Marks) iii. cost of common equity (4 Marks) b. MMB has a target capital structure of 60% common stock, 5% preferred stock and 35% debt. Based on your computation in part (a), calculate MMB's weighted average cost of capital (WACC). (4 Marks) c. MMB is considering a project that will give a return of 15%. Should MMB proceed with this project? Explain your answer. (4 Marks)