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Consider the following pre-acquisition information about Upin Berhad and Ipin Berhad: Upin Berhad is considering acquiring Ipin Berhad as part of the company's strategic plan to increase efficiency through economies of scale in its core business. Upin Berhad is evaluating two possible options either to pay RM6.25 in cash for every share of Ipin Berhad or to offer five (5) of its shares in exchange for ten (10) shares of Ipin Berhad. Both firms are 100% equity-financed. Upin Berhad estimates that the incremental benefit from this exercise to be worth RM45,000. From the above information you are required to answer the above questions. i. Find out the cost of each alternative. (8 Marks) ii. From your answer in part (i), determine the Net Present Value (NPV) of each alternative. (8 Marks) iii. Based on NPV in part (ii), which alternative should Upin Berhad choose? Explain your answer. (4 Marks)