:$\mathrm{.}3$ firms $-x,Y$ and $Z-$ are alike in all respect except leverage.

$\backslash$table$[[$Capital Structure,X$,$Y$,$Z$],[$Share Capital $($@ Rs$.100),200000,100000,50000],[6\%$ Debentures,$-,100000,150000],[$TOTAL$,200000,200000,200000]]$

:$\text{'}$ Expected ROI: $8\%$; good economic conditions will make it $11\%$; bad economic conditions will make it $5\%$