QUESTION 1 As of December 31, 20x1, Company "X" presents the following balance sheet ACTIVE Property, plant and equipment (Amor.Acda. I.M.) FI I/p in equity instruments Receivables/p, group companies Stocks Customers Treasury Interest on loans and receivables TOTAL ASSETS ADDITIONAL INFORMATION: 5.300 NET ASSETS AND LIABILITIES Capital Stock 4.200 (500) (Disbursing partners not required) Reservations (200) 2.040 Profit and loss 4.300 Provision for liabilities 1.200 1.750 Bonds and debentures 1.500 1.270 Bonds and debentures 1.500 Non-interest-bearing current 2.410 liabilities 12.950 TOTAL P.N AND LIABILITIES 12.950 - a) The balance sheet is assumed to be functionally classified, except for the income statement item. b) The Company's income as of December 31, 20x1 will be used for the following items: To legal reserves, 100 um. The remainder to dividends. c) The debenture shown in the balance sheet was issued on January 1, 20X1. The number of debentures was 300, the face value is CU10. The debentures bear annual interest at 6% payable in arrears. The loan will be repaid in equal installments on December 31, 20x2 and December 31, 20x3. The formalization costs of the loan have amounted to 300 um. ORDERED: Determine the cost of financing (weighted average cost) (Ki of the borrowing 13.9%), knowing that the tax rate is 30%, that the reserves are made up of profits from previous years in order to avoid a capital increase and that the discount rate for provisions is 6%. Analyze whether the company has adequately invested its resources, knowing that the financial expenses borne by the company come from remunerated borrowed funds shown in the balance sheet.