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A company will use 40% debt, 15% preferred equity and 45% common equity for funding a $4,500,000 project. The firm has negotiated bank loan with
A company will use 40% debt, 15% preferred equity and 45% common equity for funding a $4,500,000 project. The firm has negotiated bank loan with a limit of $500,000. At what levef of total funding will the bank loan be exhaustod? $1.25 million $1.40 million $1.45 million $4 million none of these
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