That is because the growth costsofcapital taxes are overestimated.
之所以发生这种情况,是因为资本税收的增长成本被高估了。
2
Because of different costsofcapital, equity financing and debt financing must satisfy their own required levels of marginal capital output.
由于资本成本高低不同,权益筹资和债务筹资必须符合不同的边际资本产出水平条件。
3
Therefore, how to improve the structure ofcapital, lower the costsofcapital, and attain maximum benefits is an important issue for utility industry to solve.