Kay Ltd., is a company manufacturing textiles. It has a share capital of $\mathrm{₹}60$ lakhs. In the previous year its earning per share was $\mathrm{₹}0.50$. For diversification, the company requires additional capital of $\mathit{₹}40$ lakhs. The company raised funds by issuing $10\%$ Debentures for the same. During the year the company earned profit of ₹ 8 lakhs on capital employed. It paid tax @40%.