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3) Select Stores is a retail firm with no debt outstanding. However, the firm does have operating lease commitments of 100 million a year for
| 3) | Select Stores is a retail firm with no debt outstanding. However, the firm does have | ||||||||
| operating lease commitments of 100 million a year for the next 3 years (years 1-3), and | |||||||||
| 80 million a year for the following 3 years (years 4-6). | |||||||||
| The pre-tax cost of debt is 7%. | |||||||||
| Estimate the debt outstanding, including operating lease commitments | |||||||||
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Campaign Finance Reform
Authors: Melissa M. Smith, Glenda C. Williams, Larry Powell, Gary A. Copeland
1st Edition
0739145657, 978-0739145654
