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Barclay Corp is operating in a country K where the corporate tax is 40%, personal income tax on bond investment is 25% while the personal

Barclay Corp is operating in a country K where the corporate tax is 40%, personal income tax on bond investment is 25% while the personal tax on stock is 29%. Assume the firms earnings before interest and taxes is $2,400,000 and cost of equity with zero debt is 9%. Barclay current has $12 million total market value of debt financing, What is the proportion of debt (wd) and equity (ws) financing for Barclay Corp with financial leverage?

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