Problem: Bunga Kertas Berhad (BKB) is a company with one of the subsidiary is in Turkiye. BKB's before tax cost of debt is 15%. BKB's perpetual preferred stock is at a price of RM50 a share. The preferred stock issue is expected to pay a constant annual dividend of RM4.80 a share. BKB's common stock has a beta of 1.20. The market risk premium is 8% and the risk-free rate is 4%. The tax rate is 30%. From the above information, you are required to answer the following questions. a. Compute: i) after-tax cost of debt ii) cost of preferred stock iii) cost of common stock b. BKB has a target capital structure of 50% common stock, 10% preferred stock and 40% debt. Based on your computation in part (a), calculate BKB's Weighted Average Cost of Capital (WACC). c. BKB is considering a project that will give a return of 5%. Should BKB proceed with this project? Explain your answer.