Question
What is the advantage of project financing and the nonrecourse structure in comparison to others form of debt financing? A) The amount of debt is
What is the advantage of project financing and the nonrecourse structure in comparison to others form of debt financing?
A) The amount of debt is higher and the maturity is longer because of the cash flow of the project B) The loan is paid back out of the cash flows of the project and only the project assets and cash flows are liable for a default of the project C) The loan is paid back out of the cash flows of the project and the owners are liable for a default of the project D) The loan is paid back by both the cash flows of the project and the balance sheet of the owners
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