Which of the above projects should the company undertake? A new issuance of bonds maturing in 20 years can be distributed with a coupon rate of 9% at a price of Man Company has a capital structure made up of 40% debt and 60% equity and a tax rate of 25% RM1,098.18 with no flotation costs. The firm has no internal equity available for investment at this time but can issue new common stocks at a price of RM45. The next expected dividend on the stock is independent investment projects available: indefinitely. Flotation costs on new equity will be RM7 per share. The company has the following RM2.70. The dividend for Man Company is expected to grow at a constant annual rate of 5% per year is AMaitely. Flotation costs on new equity will be RM7 per share. The company has the following Project Initial Outlay IRR 1 RM100,000 10% 2 RM 10,000 8.5% 3 RM 50,000 12.5% Required: which of the above projects should the company undertake?