Seri Pagi Manufacturing is seeking your financial advise to determine the firm's cost of long term financing. The following data are relevant to your task: a) Issue bonds with 12 percent coupon. The floatation cost is 5 percent of the market value of RM1245. The maturity period is 10 years and the company's tax rate is 35 percent. b) Issue additional common stock. The latest dividend paid was RM1.05. The current market price of the stock is RM30. The expected floatation cost is 9 percent of the market price. The dividend growth is 5 percent. c) Issue additional preferred stock, which pays 7 percent dividend on a par value of RM100. The market price from the new issue is expected to be RM76 per share. Calculate the cost of each financing alternative. Which is the best alternative for Seri Pagi Manufacturing and why