Question
Consider another scenario where in addition to the senior debt from BofA, Flexics also raises debt of $10 million at 15% from Seattle partners.
Consider another scenario where in addition to the senior debt from BofA, Flexics also raises debt of $10 million at 15% from Seattle partners. Create a basic income statement (showing increased interest payments, changes to net income, etc.). Will the net income be positive or negative for this hypothetical scenario? [20 points]
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