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17 Dustin is the CFO of DJ's Golf Swing Improvements Inc. which requires $1,000,000 in financing over the next two years. DJ's can borrow long-term

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17 Dustin is the CFO of DJ's Golf Swing Improvements Inc. which requires $1,000,000 in financing over the next two years. DJ's can borrow long-term at 9 percent interest per year for two years. Alternatively DJ's can borrow short-term and pay 7 percent interest in the first year. Then, Dj"s projects paying 10 percent interest in the second year. Assuming Dj's pays off the accrued interest at the end of each year, which of the following statements is true? ut of 1 Select one: O A. DJ's can expect to pay more under the long-term financing plan. O B. DJ's will definitely end up paying less under the long-term financing plan. OCoJ's will probably pay more under the short-term financing plan. O D. DJ's will probably pay the same under either financing plan

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