6. GG Industries have estimated its monthly need of net working capital for 20X1 as follows: The...
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6. GG Industries have estimated its monthly need of net working capital for 20X1 as follows: The firm is rated to have average risk; therefore, working capital finance from a bank will cost the firm 16 per cent per annum. Long-term borrowing will be available at 14 per cent. The firm can invest excess funds in the form of inter- corporate lending at 12 per cent per annum.\
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