2. Following is the debt footnote from the Lowe's 2017 form 10-K: 12 Months Ended February 03, 2017 Debt Category Weighted-Average Interest February 3, January 29, (In millions) Rate at February 3, 2017 2017 2016 Secured debt: Mortgage notes due through fiscal 20271 5.44% $ 7 $ 7 Unsecured debt: Notes due through fiscal 2021 2.87% 3,567 3,990 Notes due fiscal 2022-2026 3.07% 3,783 2,443 Notes due fiscal 2027-2031 6.76% 814 813 Notes due fiscal 2032-2036 5.64% 941 941 Notes due fiscal 2037-2041 2 5.94% 1,585 1,585 Notes due fiscal 2042-2046 4.26% 3,631 2,301 Capitalized lease obligations due through fiscal 2037 861 526 Total long-term debt 15, 189 12,606 Less current maturities (795) (1,061) Long-term debt, excluding current maturities $ 14,394 $ 11,545 1 Real properties with an aggregate book value of $28 million were pledged as collateral at February 3, 2017, for secured debt. 2 Amount includes $100 million of notes issued in 1997 that may be put at the option of the holder on the 20th anniversary of the issue at par value. None of these notes are currently puttable. C. Required: 25pts (5pts c/u) a. What is the amount of debt on Lowe's balance sheet as of February 3, 2017? b. What proportion of Lowe's long-term debt is due before February 2, 2018? How much of Lowe's assets were pledged as collateral as of February 3, 2017? d. What effect, if any, does Lowe's collateral have on its credit risk and interest costs? e. Assume that the notes due fiscal 2042-2046 outstanding at the beginning of the year were 4.26% notes issued to yield 4.4%. At the beginning of the year, these notes had an unamortized discount of $132 million. What cash interest payment did Lowe's make for these notes, assuming interest is paid annually? What interest expense did Lowe's record for these notes during the current year