AB Ltd. has an equity share capital of ₹ 20,00,000 (divided into 2,00,000 equity shares of ₹ 10 each). The earnings before interest and taxes is ₹ 3,00,000. The company needs ₹ 7,00,000 for expansion of business. The prevailing tax rate is 30%. The debt fund is available in the market @ 7% p.a. As you are appointed as financial manager of the company suggest which source for raising the fund should be opted and why?
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Answer:
5000
Explanation:
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