GAME LODGE had the following Financial Information & Income Statement for 2019: Sales Revenue $ 1,387,000 Operating expenses (other than depreciation) 762,850 EBITDA $ 624,150 Depreciation expense 300.000 EBIT $ 324,150 Interest EBT Taxes (20%) Net Income Cash and equivalents Fixed Assets Current Liabilities 199,150 $ 125,000 25.000 $ 100,000 $ 120,000 $450,000 $ 125,000 3X Current Ratio DSO ROE 41 days 15.4% Game Lodge has no preferred stock - only common equity, current liabilities, and long-term debt. The CEO has expressed some interest in bonds and wants to get an estimate on the interest rate. Assume: expected rate of inflation is expected to be 3% next year, fall to 2% for the following year, and decrease to 1% for each of the following years r is to remain constant at 2% maturity risk premium is 0 for next year, and will increase by 10 for each following year, up to a limit of 1.0%