Question 6(10m) Mukesh Corporation needs RM8 million for its longterm expansion projects. As the financial manager of the company, you are required to evaluate the costs of the following financing alternatives: a. Issue common stock. The price of the existing shares of the company is RM50. The expected dividend for the next year is RM3.50 and the growth rate will remain at 10\%6. The flotation cost is 5% of the issue price. b. Issue 8% coupon interest bond of 10 years. The market price of a similar bond is RM1,000. The current tax bracket of the firm is 40%. c. Issue a 15% preferred stock with a par value of RM90. The flotation cost is 3 o of the par value and the market price is RM140. Calculate the cost of each alternative and choose the best alternative