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Today, you borrowed $100,000 at 4% annual interest. You will repay the loan with 12 annual payments of equal amounts. What is your annual payment

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Today, you borrowed $100,000 at 4% annual interest. You will repay the loan with 12 annual payments of equal amounts. What is your annual payment amount? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50. Numeric Response A company's cost of debt capital: Multiple Choice Can be observed directly even if the firm's bonds are not publicly traded. Can be calculated by looking at the coupon rates on existing bonds of similar risk. Can be estimated by finding the yield on recently-issued bonds with lower bond ratings. Is the return that the firm's creditors demand for new borrowings. Can be calculated by estimating the bets of the firm's equity and then using the SML

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