Sakura$-$san and Kenji$-$san have completed the corporate finance course during their undergraduate study. They are currently attempting to solve the following problems $(10$ points$)$: a$)$ An investor has EUR $100,000$ to invest in a stock portfolio. Her$/$his choices are Stock X$,$ with an expected return of $14$ percent, and Stock Y$,$ with an expected return of $11$ percent. If her$/$his goal is to create a portfolio with an expected return of $12\mathrm{.}4$ percent, how much money will s$/$he invest in Stock X$?$ In Stock Y$?(3$ points$)$ A Japanese firm, namely Toshima Inc., has the following information and the executives assume that this is their optimal capital structure. Firm beta $1\mathrm{.}30$ Corporate tax $35\mathrm{.}00\%$ Risk free rate $2\mathrm{.}00\%$ Firms' debt JPY $5,000,000$ Market return $20\mathrm{.}00\%$ Firm's share price JPY $2,000$ Firm's growth $3\mathrm{.}00\%$ Number of shares $10,000$ Firm's dividend JPY $0$ The manager calculated the firm's WACC as $9\mathrm{.}24$ percent. b$)$ Comment on and evaluate several issues of Tohsima Inc. in determining their WACC! $(4$ points$)$ c$)$ According to the Capital Structure and Dividend Policy theories, topics you learned, what could we infer for this Toshima Inc. firm! $(3$ points$)$