Ny GENO. Date: 7 Modvie 3-3 ==> | cast of onotiel Cre) bedava $= 1) dividend Yetued _smethacl 8 u Srosth made | Ta} _stvidemd vetued amethodl Re =D. oo 1 Re = £ lay nani ital eB ae D, = dtvidend i ; Po sounded cmanwer omic i Ne = Det Proccicng.. Perdhare a _civageat monet orice is $0 fiend aul ie Re 2 Di Po ; A_Lad _sdumts_10 _disnnibule a dividend af 30 ii ‘ f 2 2.30% Gove sh t o_prianinen af &F _imcustd issued _¢ Pemsas of F ne y : decleand dividend @ Sy, find cub we(a2 > Sia iil cree velnane Nate 3- Sind a? “when \ noaod : im sum imot given. | = 900 & issu nce Ovi current aman et price, \ 150 00h \ (32 1.90 yg i IS 65 70 l 2154 cussen} ananwel pri cnpy => a. Res Dy ao ley \ Ne 2) Tal, 20 it 2 ahe_éa. shone of muncausi Lid dnuded al ananwet ence ¢ iPAGE NO. DATE “1 | sDhatzy _smien price » 3 sot s >| Dy = = Po_220 Ye = Do +5 a 42 Pi 3 22 + 0005 @0 2 ois leisy | 4 ple = mpg « € €Ps MPS Re = | 2S We =) es PoE mes, | foc 8! | _ com pay ho a ° z cnod__cundens amanwel price is _'5. us = the pantie yy fos 1 i 0000 fi R ERS > PAT a o000 No. of [Link] | > So 00 0. | a = 14.00 RS. { ‘ £26 2 19 a0 MPS 2 4 1 ; ; | 3 | ARES epee SSPE me 4s = 0243 |s 43 ¢3]4 PAGE NO: pare: 7 CAPA capital agsels pziciny 0ssets anadel x Re = Re + Bcam--Red © Rfo = Risn _fose —cnetuaan (gov. Reluren Rm_= Avg emanned _Retase 9 gisw factor jeoH the + amodenm Lid ethane beta factos i ; ) j : . f ‘om £9, Shane 16+» _ fad in Re = Re a Pcam= fe > a eet Cg Ege) = 9 + leu Cad = q + 4-4 Te oey.l fe 2 —_aK | 9 2 Ro = Daci-t) has tof neto’aee) eanen nga aad, ~~ enes | divi Ra = 0 C1-4) [~0235)—==|Saredeaabie pref Share 2- Cost of presence share Captial Crp) = = D> a Dp = GAGE shane’ dltutelemel Gi ap = fe! proccecl received of share from sfsue_ Sa exo} |n oanfuny has iasucd toon preg shan of Rs 1ch_amd) ino ef wr , the fssue sop LiS_ns. us — pes. «shane.» fiend oul wp, - Rp > De Ol -CiSp yyy $s) ie AGN BEY i 13S) C1S0 15 4 Recoaneble pae9-share $— 2 3 =ky n [Rasy y foe. ae +. Rp = pachasho = Si i hang. So, discount .& Dp = dividemt — pent Fy_s Redemabie value Sy = sale value s ie b= Dhey e® redemble Value {3 Mot give , We count gacevalue Od ORy 2 SvPAGE NO. oe 8 a . eens th i oh cougem mate fs te. 2 fiocbinn cost ins s% i a Oe B R Fu Chace value). — 100 My Cones valued = 4 WM = 18 Qv = wo Clos tia Dp = he rere) Svs 90 > (aic- 5) bos De + (Rv -sv) Ry 45v, Woy go =e aS 100 SoN5, 100 ai5G.1843 pee then, meu wie = 13. gyPAGE RO. G owe: 7 = Stlcost of ie Je uw —__=>1 stone = = . 3 NP 3 = ve > Ra =f pO) C=) RY_+5V [russ] See! | A has issued _x0000 imaedemble 14 _debentuse Gr RS. 150 each» +h: flocbioa cost is 5% . the gor Pale ig Hor. » Find oud 2d depedemable —> Ka = TC1-t) Ne AS 0 "x 14% = ay = arC1-0-4) ea (HG 0S 8 es Cpa ove) SS. Eyy. l4e.y, ii i A I i it el rt S the coupam nabe is jax. . Te floahinen cost is aS. Pen cebenie , tHe debenture is aaédem 2 _prtenium . the 10x nade Hoy cabeubute , Jeost of debenwe => | Fore value = 150 43-150 X16 7% = ay its 10 Sy 2 15-0 T= lo PS - = 19 Rv =15s0410 les = lesPAGE ND, G on Rd - (& 4 (Ry 5st) | Cn 7 —! TRy 4s" [eter Ci-t) ay 4+ Cigs-ias) lo Ci-o.4) \es 4197 ci 2 a4 + 3 (0.6) 150mccw GB | one | cn), o.c|_=2_ _3- When _Aant__is_mnol_giveay 9 propenton — ndpcc_=_Ccost_of €9. x % of 20.) + Coomof debt X—— |e (cost of preg share x 7% prey) = “of deb )—> y |_Dhem proposal 49 given Cfoa eg isu. , a @Aanouns__t, enod_ given, =C0S+ of, ee» = aye fn N__paeh 5 hes = J tn de so ro. :PAGE NO. care: 7 7 — | sone = | cost of x 7 y | +! Prost of 2 of-| éa soy clelo * deb 4 Ceost of we hp \ Pref Shore Shoae.J = [ie xsor.} + Diy yao 21 + Tic x2o23 ‘2g 4 yee t G7 y. 1a.u_ J | ae | ey |NODC. = (eon . y 4 “404 e mews ey 1 a (6 xGoy ) (12 x4Od-) i sana v J = "_ goc & Fonowimg one the _delafis _of, _x¥2__Lid. a dibentue Cloo po debembise) R200 0 | preg. thane Ces. 1o011 Shane) ______88-29.9-9.00 ~~ és). Snare CRS 10 1 0 Rs a a Jota) Ge — oo it a_—obo cua Lie « ne Lar $i 12204 i! mmoanel price I! od fold) EAushane__R —— i: Paeg ws. 12 7 debemze ' 10 5 A i . a ilps soo debenture — Redefarabo a)_pun _aften 20 yeo2d »—§ i coupoun ede > U2. flouliom —cnst_, ete sina = pric ee fs_100 of —pref{shone _a}_pref,..shune redeaabie af —— pon ton 1S7 Yes, 10% di tdemd Rote, 5% flotion —— [cost +etlane_price 190, fe a a | the eet Shere _{s__saticles) ian _cmainsget _hy 25. |yg..2 08 -flodiom cast, oun _facectecl._divid ed ~~ ps ens 2 pea slnne—&_cnian puny is Bie pebiang_sy-_$2 > . —_— a a} _ pimd wae > © iw m the vais of By ea my, . nepare: 77 Re = Di + 39 Po 2 + 620 20 a Oo) +005 = ONT leisy. | =| vo - D 4 By-Sv N +SV = woe cick ie joe | 7 po ——— en fv tS —————| ‘a % + Cjoo ~46) | (++ 5) faa 2s +96 | 2 | | \ = EZ ws) 58| — NAcc = om she basis of, Boo adlue oulB 3s! ce WHS oF COSt Of ca Priel a Cosy | fam + CSF | acu) I liypes | £[Link] |i900 000 1S 150000 as {Pref sshane | 00 09 O Ta 21200 ACC = focw) g90 000! 4g | adhuo au eslgelead e4gHo 20.00 000 Re — a a EXD = onl i L i wee ; i => | wace 5 om th abasis of anwyel xabue —_____| ee ee Tree eS ry ;—— cose | amd : ee | £A-sharel@2o0000'| 157. 19.00 . — —_____|p#ej_11_|euo coo Jog ye = foe. ace deb___|xxvoovg | big. [See {_—— {33.20.00 0 39a 22H ecagepey —~ 1 . ef | 620d + 320002 ——~| a ——— SteShte = 22 X19 VWs 2200 0-00 = c ooo —— Prep _2 rexr00ge 0d = py p70 SMOX SOOO = 40 90hypes oF Doms ost | : A | | . x Gvtial | XW _— _| 6a. shane 600000 is {9000 1 a 204. shen 190000 © Youo deb . Hoo 00 = 20900 eo he 1209 00.0 13 P6000 1, VH4000 Wee = focu) = [4 00 © . Eo 13 090 0 a O 110 ] = sorrel : Since on the anaawe) aobue £9. Shan, goo 00 0 1S nasaoe on yo c20 = S00 Jeb Fo 000 x Sere an, x 7 3q1900 7 16 40.000 11X59 a vi = Coagoo +200 000 = Bei a s Shane = 1200000 x9» 40000 L- Re = recone *| = 200000 c a yAdacc = sew = \9@s500 0c 1610006 =o e+ \ = Ate AS m7) she Goon value sdetght 85. alaoye Zeman elame an —afasowity Situsvom Wace _umden Booe duc ts comsiden a5 the bench seman foo the. ate of _netuna . Whe ay Ace Maden emanke+ Ualue caf _chamge according 40 oct en anal | vO e. omd ‘ ee | Ometianes DAcc umden anarKet value tas goe arp 63 vig N CNS CL paper td =a [6) Wd 2 1 Ci -2) 2\4Ct-o.35 ) = l4Co.¢s J = del Moawet csisw _priomi yen CRM - RE) = > Bess eT tht Pama gee), S16 4 pe F595 S10 456Y Los wegen |PAGE NO. Oy = = || cosi of eq i ¢ |cost of Ya yal Ate { ea. dely den =[isey «ey J 3 Caer x40 4] = Veoh + BGy WE Vo | = |oluppase fuce value {soo -- Os Qalig - DLE joo £2 2 40% Saulny 2 19% 9 2 Si = Gave APAGE NO, bare devengge Amallys's A Jevemige opauifny Sevennga ig EE Pop Re combine _@ total jevenag. ==) soley ~ x22 =Ne¢ sxx ast XXX =f xX Egy xx 2 2 t = aat x : Ear x ©) Tox x got. £AL. AXX s G@20rshd xX [Link] xx AY} opaating —s comcenmed udtsh pach > Any small cheng. fn saber , #8, =| Na. ¢ eh gent _iem p. {tea fit ———_}—_F apres: lew. = comiribubsoon = _E£ATT = > spouting Levenage is firma _abiify tou fe “) fixed cost “soith= Soong nuan. 8 2)| finanalol >) _tffect_on_eaninga hy sboatowing funds Kinomofal Sovenoge = EayT leat €8T | _ |=) Ginancts) Sevinag is {lens abfifty tow —G PAGE NO. pare: ff joi) Seve age A fiaans abiitey +0 use Hoe } cast ad sen) ar Opacnting & fc L dh auteel total _Sevencigs cl Combine Severag.) = 0 sng x_FL Cit'muncis Levenag ) Levengg) lof Ch = 9 : sd Epa eoT EOT [sening rice. Qs. 200 Cpe aumft ) =| voniahie. cost wag Cn) =| Fico) cons NW Po mag0s ami. on clebh » 1809 000 rar Rube uo ve , Ma of unit produce » Sorel 1ea-oacr Find ouf OP» FY, CI oe —— Se Se ' (}}rl_c___120 9. y ———__|tast___Seoov00 [0x 120000] ———OQ)leac _apoovo ———/6B11_a6ovgun nt ©) Set. 299 000 k £81 __Showoon —O j-Tax___as¢o noo EAT = 3Y 40000= qloL cost 2) Fl =sgar e81T eat = 1600090 = Ko00000 3€0¢ 000, 64 00 000 2 lsae = 1d >| CL = o1x FL S126 ALHIY - 6p = CoSt = F@ooune Z HOO 000 fe _# = ~ _fect-% | the 404a) sales of the company is @S. Os00 wy = Chess) the _ex_Rahio_{s Gov . The Ji. 150,090 on 8 -linazes+ om Rube So ova00 =| tax pele tay i< find oul a) __sevenagen ~ iS 7 SV ff 6 >. fy. 200 — s fe ata 300 seo) ace = x Co.) Fee 150 a ERLT \5o —~ > | 1 ake Ss —~ | €or Loop ~ (| Tax Ho = EAT: eo ~« a ~ 'PAGENO. dare Or = Cost plo cary £81. T éeT = G08 > 180 se 160 2 @ Seo) a 2X 21S ) 2 3 Papen 2-71 6-2[y}| sales | -ase0.000 S. vc eoviood —__6)fc. 69099 0 £997 S400 000 oat osooo —£aT asovo Tax ° of T cosa qs000 Ols cost FL > £917 cL or xFl £937 €BT perrte th =| = ooo 2 1-4 2199 90 9 - qs ooo ec§)| 01 = garry Site aie TOFS) JEON E S4QrrGr! = 2400000 1.0 100.09 900 Y Csspqnoo4 4 00.0007 haan leas aesPoima oF alifJenemce eo gagen 2 G22 B aye. 4 > too a. of 100 joe shane ) = 40,0 0,000 4O oor Log Pen Shoane [ears = 21 x C\-2) _ eit-r x 4-2) Wa. of é9. Shane — mas of, ea. shane im op 4 jon OP» 2 \e@ co - La co op =a ope | logy. 4a show FOL xX NO Ye ale ce A 2 So. 100 4o 00 00-5 2129 000f tee = 40 000 6% Sh [ant - oJ x Ci= 0.4) = Cenrr = 00000) X Cio") j24.09 0 Loogo Cégtt-0) x 0-6 = Ggat- to99 0X OeG 120-000 ooo | 6g EBT T= oe GegttT — 4¢000 0 leo000 Nqo00g — Ov6 zogegat= 4+ © : lo? Oy O-6 éBIl oe¥ | = [loz CoG e STT= jeep) [Tg stu EBET 20.322 681 T= G SA6PAGE NO. & pate: S236 2 Ost2 = Or2t €Q1T éga7 Ook €6TT = S$ot6 fezr = 5+3¢ O24 Sonicul an a é &g1.T Jaa -900___|2 00 000 (=) ton+. 7 °. roe. f San ee eee | = Tay 4Go 000 160000 [Link].f A__Compamy ineaursed) 2opgoo0d or she a chen. inwesicmen+ proposal - —~ | A compomy heve 2 opti fs 1 _optioad, => _Tr__isswe looy. €. shore Sf 2S 10__-~ e22tcl S | 2_optom_=) to issue debewtuve of RS. Jo.090. 000 @_of 159% 8 _nemaing eq - Shane - of — Qs, __19__@ach, _ —~ | tax» Rabe Hoy. foe | Sind £P5 8 Both he at eee Jt eeof 3 po be low. fet 2090900 loo = 200, ood mob Ro TOOTS ORO A TIT DOO tea > or =18 20 b ee Ct) 2g lL a Qo orm sap \ . —— Taek 7 = Zee =x] ted clade Slob J (CeIT-T) ( gstt- ge oe G EST 2o0—6.0 0 Zid) C €S2te) 1-7) ——— aye Cee Se oo hM/2 [8 2 one = OcGeBTt = 009 peer lao 990. 0é ¢or7 = (RE OTT — Ge panded x \ sera ab 16 = Le eon oe fort [ e6st=3 Lec= 0. 6 CTT d————| Wn_2.5| DOL = t fh PL = gary 20 ae = b= gt egaT OT ae 2 Aaa la sel i =_300 eer La ts04 } ee ——— Sete 6 slang be dng ~~ |= Int pe 12 BT oe B46. a _ +a ARS kn _£at “CSS Cees [—) 1090 Cs_\G5e = 30 39 OE fe fej] OL = Site ely Rakion = Ph a ees ec. tes 1.5 Co- Ble ere Cost o Fé) aro ceon. ee 4¢00 00.0 ise C3. fprr 2400 000. Q)_ genx _ 1209 909 _ 1200 000 CTax) Goo 99 G- fay Coo ood 1 EL = £@1T [estt-9ma3 eae = £GTT [earr-1a00 000_] AéBIT A = QHu00-00 O = €6T eater Coe ol > cost €8oy 3 > cost eae Cost = 42 L—wey Saas = —soc__|Sales Creo0 oo Pumtis a) 95. 5 each) = __Goo'000 BS 7 = alanialsie cost C2 pen uoni+ = 2u9000 Giaced Cost = leo 000. s Amines+ e = Goo 00 find. §L Lol= Cwishoul-_ _Tax."| oul value oma POM yl Gram she = ‘ost eect MWe = Oven asf Cast of Capiterd AVa vol of, business 1 fixan = Current anuawek Value of eauity 3 Go. u of elo “CBorraudd fund). nt = Wed Jancoae avatialae fax” the £9-Shanchatdén_- L N cost of eauity Lonpialition nabe_ . a” A ompumy -hao.g woo ono 6 shane: of Si td cud coith _emanwet_caprtabtam Rate 09 : +, te o Z | of ng. _1Ba150.cach the total fart | foo the 4 AI_Opprocich » -—_11 SH ees 2 NI Peon. 190. i Re £O7T = 2000900 099 X 180 ; = 143500 0 V4 HS25905]= GITAIN0 ie ; O=16 LOT 1Yytso0e xiWdy , ,—Ptax 2 STTOUO. [ege2s0 Na__ty9s000_| = ° oe eanMoa 6 8 2 I2\eF750 + %F50000 = 189 eetSo0 Re. EBT T Nv. 2009 900 leqeeaso [- Ioe4ay Ht Det —opaoting —docoane _approgch $= Vis e£027- $2 V=8 Re = £027 = 1 Re na Gh athe egt-+ of he __compamy is __ S00 v0 tthe _compamy has 147+ _,TA_@0000 delo of Ps 100 €9ch ) the cOpititistiom Qate T5167. | fiend the _»e alue of irae capitalizadiam Rafe | @ under the Mot method» Cap_fate @.S +V-8 F +. 1250.00 ~ 20000 90 __- 10 exch 7 = 20.900 % log ___> £0.00 90°06, ____—~PAGE NO. pare: 70 TG te = £RTT = + Ss = soo ng90 = 200 00 ugsooo. | We = 14256 \ [Wes Bo L$ x Wd CB) VI S = Qe 56% Ae He 2.0.09-09-9-} 2 Cuesnre) CaIesooa jae 56X 0036+ 1H x 0-64 tao $ HNO Le 16% [ | oafrh 10 sh Not iby S= 93 pg = Soot ee Wer a Ve 6+B ie) a= value. a8 = SE SB We a €9TT = iy Re > Re GS) +s £8) ——\ Ponticulan Sige? hee 200 900 — £617 (200 000 debemiuae 3 oma ones) = Tar Rabe 40s Ho. \er 3 ns CO.S4 of £y deo “JoU_One__netuized 4o Gnd ond the_rvadue of. th ahe Conn Pony Sy using oT, edith” mz - APPWach- = s o £837 1209 900 Rod NNO. Mat 369000 = ERT. S40 900 Roo oon ~ (tax Cuov) 386000 460 900 ANT —} 280400 © 229 060 - —£s -S =__SO4ou0 Ong =_2#00 000 Ws = ze00v0 Re Gey = 4009 0900, J S4+ Sv= see. o~ 2 hopy oot 12 qoong00 1Be G 7 ye ~N Ace | S$ $= €B8IT CI-AD wo = 607 Ci-t) Re Re = 1200000 C1-0.4) ~1200000 (0o+6 ) One Oe = 4000004 = 4000 00 © B = vol debs x Tk G=vold XT-2 a 2.30900 000 90-40 =O XO4 = 1209900 ad S| ve Ss+8 V2 548 = 600 000 = $9.00.000, Lo-4 08 Roo Ral | Mor. 250000 900 bam = 50009 (509000 X 10 % 7) eseda: © -Gapscgad —Sogieig == — = = = Quan. a Ros = fT Sc NA Re. We : 3S 2200000 Pail Ons ols 21676 6/66F 2 19188,933 .Quithout ie Nok dmp. Sd IN > 5+ 8 Y_> 1363383 4500 009 oo = 16 6666+ 40 = 09 000 - = 1666663 via - — HH | Aces isy Cage Coot of 00 ela Tl) pec » Ra s+ di x78 Bu Vv 1 633.333 1883333 [213.64 7) na’ 2. : : ~ hove 3) opiiom Jor capital stauciuse SS iooz, 29 ii) gov. £4 + so % debe Til) 457%. ceht es7 29+ 2 ‘ endl — var J the orvenai Weighted avg cost of conroitos dy using m0) approach — @ @. @ = ay : 7 é4. _s000 ce0- g0060_| \es8890 at debs LSSd_} a45880 — pa [282 88 aBBBSR [CRBs Soar 57) eo Pe Soe) congo ei _£0T. 1206 000 lgesa0d 633.500 ~— ey Rate} ey. 937. “1d. —~ — ~S Ke 2-<4- See 3995 a) (S33)re in| cn | 1c GIACC [nt ey vk hs frost dk} g = Cour toot) + 0 = 24 «= (831 Sou) + (iS xso)=s 24 | Feit: ‘on000. =| cfm} _- 2900.00. Nt + 30000.