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You are the chief finance officer (CFO) of the City of Pulaski and are about to borrow $10 million for repairs to your city sewer

You are the chief finance officer (CFO) of the City of Pulaski and are about to borrow $10 million for repairs to your city sewer system. A week before youre scheduled to close on the borrowing with your lender, the Federal Reserve announces its intention to increase the Federal Funds Rate by 0.25%. How will this affect your sewer system project?

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