Based on the case study details provided, how many debentures would XYZ Ltd. need to issue if the $12\%$ debentures (face value $\text{Rs. }100$ each) were issued at par instead of at a premium?

1. A
   $3,000$
2. B
   $3,150$
3. C
   $3,300$
4. D
   $3,500$