Part b), in the answers, why will the borrowing capacity be limited to $201.6m? Shouldn't it be $301.60m after demerging because 30% of {550+122} is $201.6m plus 100% of this would be $301.6m.
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Q.51 Nubo Co (12/13) BPP KIT
9y ago#1How on earth do you arrive at 301.6??
100% x 201.6 = 201.6
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