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GCB's CFO has made the following estimates based on the firm's future cash flows(in millions of cedis): Debt 0 10 20 25 30 35 1.50

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GCB's CFO has made the following estimates based on the firm's future cash flows(in millions of cedis): Debt 0 10 20 25 30 35 1.50 3.00 3.75 4.50 5.25 0.00 0.38 1.62 4.00 6.38 PV (Interest 0.00 tax shield) PV 0.00 (financial distress costs) What is the optimal debt choice for GCB

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