Q. 28 Companies X and Y are identical in all respects including risk factors except for debt/equity, X having issued 10% debentures of Rs. 18 lakhs while Y has issued only equity. Both the companies earn 20% before interest and taxes on their total assets of Rs. 30 lakhs. Assuming a tax rate of 40% and equity capitalization rate is 15%.lt- 830L) Compute the value of accompanies X andY using (i) net income approach and (ii) net operating income approach.​