Q4. Prestige Bhd has a total retained earnings as at 30. June 2020 amounted to RM10 million. However, only RM5,250,000 retained earnings are available to finance the new project. Currently, the capital structure represent 70% common equity financing. If the cost of new project worth RM8,500,000, advise Prestige Bhd the most appropriate source of financing that would optimize the weighted average cost of capital at the existing level of capital structure: A. Utilize all retained earnings amounted to RM10 million B. Utilize retained earnings available for new project. C. Issue new preference shares D. Issue additional new ordinary shares (1 mark)