Spinfluence Berhad has in its books the following information on its sources of capital.

Ordinary shares of RM1 each RM2,000,000

10% cumulative preference shares at RM1 each RM1,000,000

RM1,000-par value, 8% coupon, 15-year bonds RM2,000,000

The ordinary and preference shares are currently quoted at RM2.25 and RM0.95 per share respectively, whilst the bonds are sold with an average discount of RM30 per bond. Ordinary dividend, preference dividend and annual interest for the current year have just been paid. The company is taxed at a rate of 40%.

The company's record of ordinary dividend per share for the past six years is as follows:

Year 2014 RM0.140

Year 2015 RM0.140

Year 2016 RM0.145

Year 2017 RM0.155

Year 2018 RM0.170

Year 2019 RM0.185

Spinfluence is also considering the following independent investment opportunities: