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Please help with the attached spreadsheet: Conrad Corporation plans to raise $8 million to pay off its existing short-term bank loan of $2.4 million and
Please help with the attached spreadsheet: Conrad Corporation plans to raise $8 million to pay off its existing short-term bank loan of $2.4 million and to increase total assets by $5,600,000.The bank loan bears an interest rate of 12 percent.The company's president owns 55 % of the 4,000,000 shares of common stock and wishes to maintain control of the company. The company's tax rate is 35%.Balance sheet information is shown below.
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