Question: Khumalo was developing a business plan for his organization. While working on the financjal plan' he realised that his financial requirements will be for fixed

Khumalo was developing a business plan for his organization. While working on the financjal plan'
he realised that his financial requirements will be for fixed assets and their installations,
preliminary expenses, working capital, expenses on research and development and investment in
short-term assets that is raw material, level of cash, etc. To decide on the sources of funds for the
venture, he tried to ensure the selection of the best overall mix of financing for the enterprise. List
the elements that should be included in his business plan and the importance of selecting the best
overall mix of financing for his enterprise.

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