Chapter 6 Asset Investment Decisions and Capital Rationing
The cheapest option would be to lease the machine. However, other matters should be considered. ... The long-term finance of the company, on a market-value basis, consists of 80% equity and 20% debt. ... Raising money through the stock market may not be possible. if . share prices are depressed. (b) There may be . restrictions on bank lending. ................
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