Question 1: A medium size manufacturing company has decided to raise $4 million by issuing bonds. They have decided upon a 10 year maturity period and feel they will be able to retrieve the bonds at that time for $5 million. Determine the annual bond interest rate that they must pay if investors desire a MARR of 8% per year. Include the Cash Flow Diagram for the he Bonds' Initial Cost, Face Value and unknown Interest Payment From a Present Worth balancing equation, compute the value of the Annuity representing the unknown Bond Interest Payments * From this Bond Interest Payment value, compute the Bond Interest Rate Do not use Single payment cash flow analysis if another method is available and use interest factor tables instead of factor formulas wherever possible Question 1: A medium size manufacturing company has decided to raise $4 million by issuing bonds. They have decided upon a 10 year maturity period and feel they will be able to retrieve the bonds at that time for $5 million. Determine the annual bond interest rate that they must pay if investors desire a MARR of 8% per year. Include the Cash Flow Diagram for the he Bonds' Initial Cost, Face Value and unknown Interest Payment From a Present Worth balancing equation, compute the value of the Annuity representing the unknown Bond Interest Payments * From this Bond Interest Payment value, compute the Bond Interest Rate Do not use Single payment cash flow analysis if another method is available and use interest factor tables instead of factor formulas wherever possible