Christiania Investments has a project to develop next year, for which they will require 4.200.000,00 They are planning to obtain this required capital using a diversified strategy: Issuing ZCB, CB, shares issuance under REPO Agreement and a Bank Loan. The plan is getting today's capital equally proportioned from each strategy: - ZCB with Face Value 500e and a 18 months maturity. "Coupon Bonds with Face Value 1.000,00, and 12 years maturity. Quarterly coupon rate 2\%. "Issuance of shares (under REPO Agreement), semi-annual dividends, as follows: During year 1 and year 2 no dividends. Year 3, 0.60 dividend Year 4,0.70e dividend Year 5,0.80 dividend And on year 5 , a repurchasing option, for 8,006/ share The CFO in Christiania is aware that investors will claim a Required Rate (Ri) based on Perceived risk as volatility (Beta) which is 10\% superior that Ford Motors Beta, currently at 1,34 German Bundes Bonds are returning 0,75\% (Rf) Stock market expected return for next year is set at 9%(Rm) "Christiania CFO will also borrow from La Caixa, a bank loan 3 years maturity and equal and consecutive monthly nstallments. La Caixa will charge 9% nominal rate on this loan. low much debt should be issued initially for all combined strategies hat would be Bank debt after 4 years