debt:

starts March 1 2019: $4,000,000 6% annually 10 years

starts march 15 2019: $10,000,000 9% annually over 10 Years

An impairment test needs to be done. How do you do it?

Impairment Test Cash flows, not including amortization, estimated by year are: 2020 2021 2022 2023 2024 2025 2026 $1,800,000 $1,750,000 $1,500,000 $ 900,000 $ 200,000 $ 150,000 $ 150,000 Debt Calculate weighted average interest rate for two loans Common Stock 320,000 shares outstanding, selling for $15 per share, the beta is 2.8 Market 3.5 % total expected market return (including a risk-free rate of 1.25%) Taxes 30% effective tax rate