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M Corporation, seeking renewal of its $12 million credit line, reports the data in the following table (in millions of dollars) to H National Banks
M Corporation, seeking renewal of its $12 million credit line, reports the data in the following table (in millions of dollars) to H National Banks loan department. Please calculate the firms cash flow as defined earlier in this chapter. What trends do you observe, and what are their implications for the decision to renew or not renew the firms line of credit?
Please answer the question using Excel, and show your formulas. Thank you.
Output Area: Cashflows \begin{tabular}{l|l|l|l} $1.60 & $1.60 & $1.70 & $1.70 \\ \hline \end{tabular} $1.80Step by Step Solution
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