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$120 million all debt financing is arranged by Stanley Investment Company through a syndicated loan package. The loan carries 5.5% and will mature in 2023.

$120 million all debt financing is arranged by Stanley Investment Company through a syndicated loan package. The loan carries 5.5% and will mature in 2023. The loan principal will be amortized at a rate of $5 million a year for six years starting in 2017 and the final payment of $90million will be made at the loan maturity. Calculate the interest payments from 2015 to 2023 for the proforma income statement.

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