You have been appointed as the investment manager at the Head Slide Bhd, a public listed company on Bursa Malaysia security market. The company was listed five years ago. Now, the board of directors planning for next wave of growth. You have to make an important finance decision before move on to investment decision. The company is preparing following activities for additional fund requirement. The company has 2 million shares outstanding. Market value of debt is RM4 million FCFF is currently RM1.5 million Equity beta is 0.90, the equity risk premium is 6% and the risk-free rate is 4%. The before-tax cost of debt is 6%. The tax rate is 30%. Head Slide Bhd is financed with 25% of debt. FCFF growth rate is 4%. 1) Determine the WACC of Head Slide Bhd and interpret your answer. (20 Marks) 2) Compute the Value of the Head Slide Bhd and critically evaluate how it may impact the shareholder's distributions. (20 Marks) 3) Derive the total market value of equity and critically discuss your answer. (10 Marks) 4) Determine the value per share. (10 Marks) (5) 5) Discuss FIVE (5) advantage and FIVE disadvantages of using WACC as cost of funding. (20 Marks) 6) Critically, discuss the other sources of financing available for investment and business expansion program for Head Slide Bhd. (20 marks)