PT PT is a company in the entertainment industry that is not very sensitive to movementreturns market, so it has a beta below 1 , namely 0.85 . Although market consensus states that the JCI in 2024 will be veryvolatileBecause there are still many uncertain risks, PT PT is not worried about this. They actually want to expand their business next year by trying to penetrate international markets. For this reason, PT PT is considering several alternative options that will be implemented this year: To fund this project, PT PT has created a financing structure plan as follows. - Bonds: 50,000 bonds with a 7% coupon rate paidsemi-annuallyfor 10 years. The par value is Rp. $2,000 and is being sold at a 5% discount. The tax imposed on bond coupon payments is 25%. - Common Stock. 500,000 shares of common stock were issued at $125 per share. Shareholders are entitled to a dividend of $10 per share. - Preferred Stock. 75,000 sharespreferred stockissued at $900 per share. For these shareholders, PT PT decided to pay dividends of $50 per share. As a financial consultant, based on the information above, which project would you recommend to PT PT? Only one project can be recommended