This year, Arbor is considering whether to issue more debt to fund a $100,000 project or to issue additional shares of common stock. Both options will bring in exactly $100,000. Arbor's current debt contracts contain a debt covenant that requires it to maintain a debt-to-equity ratio of 2,00 or less. Required: Calculate Arbor's current debt-to-equity ratio. (Round your answer to 2 decimal places.) Required information (The following information applies to the questions displayed below.] On January 1 of this year, Nowell Company issued bonds with a face value of $170,000 and a coupon rate of 7.5 percent. The bonds mature in ten years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 7.5 percent. (FV of 51 , PV of $1. FVA of \$1, and PVA of \$1) (Use the appropriate factor(s) from the tables provided.) Required: 1. What was the issue price on January 1 of this year? (Round your final answers to nearest whole dollar amount.) Required information [The following information applies to the questions displayed below.] On January 1 of this year, Nowell Company issued bonds with a face value of $170,000 and a coupon rate of 7.5 percent. The bonds mature in ten years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 7.5 percent. (FV of \$1. PV of S1. EVA of \$1, and PVA of \$1) (Use the appropriate factor(s) from the tables provided.) 2. What amount of interest expense should be recorded on June 30 and December 31 of this year? Required information [The following information applies to the questions displayed below.] On January 1 of this year, Nowell Company issued bonds with a face value of $170,000 and a coupon rate of 7.5 percent. The bonds mature in ten years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 7.5 percent. (FV of S1, PV of \$1, FVA of \$1, and PVA of \$1) (Use the appropriate factor(s) from the tables provided.) 3. What amount of cash is owed to investors on June 30 and December 31 of this year? Required information [The following information applies to the questions displayed below.] On January 1 of this year, Nowell Company issued bonds with a face value of $170,000 and a coupon rate of 7.5 percent. The bonds mature in ten years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 7.5 percent. (FV of \$1, PV of S1, FVA of \$1, and PVA of \$1) (Use the appropriate factor(s) from the tables provided.) 4. What is the book value of the bonds on December 31 of this year? December 31 of next year? On January 1 of this year, Barnett Corporation sold bonds with a face value of $507,500 and a coupon rate of 7 percent. The bonds mature in 20 years and pay interest annually on December 31. Barnett uses the effective-interest amortization method. Ignore any tax effects. Each case is independent of the other cases. (FV of \$1, PV of \$1. FVA of \$1, and PVA of \$1) (Use the appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) Required: 1. Complete the following table. The interest rates provided are the annual market rate of interest on the date the bonds were issued