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A bank recently offered to loan Featured Frames $5,000,000 for 10 years where the interest cost would be 8% annually. Ben suggested that this project
A bank recently offered to loan Featured Frames $5,000,000 for 10 years where the interest cost would be 8% annually. Ben suggested that this project be financed with 50/50 mix of debt and equity resulting in a cost of capital of 12.5%.
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