Question: Baze (Nig.) Plc. is financing its assets using both equity capital and borrowed funds and have a net operating income of N10, 000.00. The company

Baze (Nig.) Plc. is financing its assets using both equity capital and borrowed funds and have a net operating income of N10, 000.00. The company pays an interest on debts at N300pa its cost of capital cost of debt are 9.33% and 6% respectively.

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