1. Outside financing cost and inside financing cost are different.

2. What be the source of your outside financing?

3. The sources of our outside financing are joint ventures, compensation trades and bank loans, etc.

4. The source of our outside financing is joint venture. compensation trade and bank loan. etc.

5. The main source of our outside financing is bank loan.

6. Generally speaking outside financing should be greater than the inside financing cost.

7. Dividends can't be negative, so Concatco will have to raise outside financing.