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please show all working steps with formulas or excel Benefits of borrowing Wilson Motors is looking to expand its operations by adding a second manufacturing

image text in transcribedplease show all working steps with formulas or excel

Benefits of borrowing Wilson Motors is looking to expand its operations by adding a second manufacturing location. If it is successful the company will make $430,000 or fails, the company wiose $290,000. Wilson Motors is trying to decide whether it should borrow the $290,000 given the current bank loan rate of 12%. What is the break-even probability of success at the 12% borrowing rate? What is the break even probabilly of success of the loan rate is 1797 What is the break-even probability of success if the loan rate is 12%? (Round to the nearest whole percent) What is the break-even probability success in the loan rate is 17%? % Round to the nearest whole percent)

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