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Please show excel solutions. Thank you!! Wine Depot is considering several alternative means of financing an expansion. One alternative is to borrow $500,000 from a

Please show excel solutions.
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Wine Depot is considering several alternative means of financing an expansion. One alternative is to borrow $500,000 from a local bank, but another alternativeis to borrow this amount from investors by issuing bonds. Both alternativesinvolve a 3-year debt period with quarterly payments. Modify the workbookch5-06 to compute a loan and bond analysis, naming and formatting cell rangesas appropriate. Assume an annual loan rate of 3 percent, an annual bond statedrate of 3 percent, and a market annual interest rate of 3.5 percent

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