In the long run, the cost of capital for nonequity funding is generally LESS THAN that of equity investment.
Answer: business proposal
Explanation:
Business proposal shows the benefits of embarking on a particular project, the plans needed to execute the project, the breakdown of materials needed to achieve the aim of the project, time frame, and the budget or total cost breakdown to successfully complete the project.
In summary, business proposal is written in other to convince investors to invest in a particular project.
He saves Rs. 67.5 (take 450 times .85- since its a % and then subtract that from 450)