You are considering two financing proposals. The first proposal that you are analyzing is a preferred stock that sells for RM100 and pays annual dividend of RM15. The second proposal is a common stock that recently paid a RM6 dividend and the stock is selling for RMS0. The rate of growth in earnings for this common stock is 5%. a. Calculate the cost of issuing common stock. b. Calculate the cost of issuing preferred stock. c. Which financing proposal to be accepted and why