ALTIOther Option WE look at was to USE Cost of debt . WHEREAS HI = KIL - IISo, Hi = 7. 011 -. 40) = 4. 2 96 and cost of Equity = [ ['N'vi Price; + Rand. 05/27. 75 += 07 = 7. 1096 And debt /equity PERCENTAGES . Current 34 4 4/ 9502 = 35. 85%'S LIFE 10 09'S debt financing EBONI ZED ] = 71. 7396 01 10 096 Equity 34 4 4/ 1 1 ED Z = 24%6 and the Statement was made that doubling the debt would put it