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How much must be raised through common stock

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Question - The Jolly Corporation has 70% of its capital structure in the form of equity capital. P150,000 in capital needs to be raised for a project but only P30,000 in funds is available through retained earnings. How much must be raised through common stock to maintain Jolly Corporation's capital structure?

a. P105,000

b. P75,000

c. P120,000

d. P21,000

Reference no: EM132857835

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