Question
You have total project budget of $100, $50 of which will be spent in 2017 and $50 in 2018. Bank agrees to finance 60% of
You have total project budget of $100, $50 of which will be spent in 2017 and $50 in 2018. Bank agrees to finance 60% of the project cost. LP investors fund 75% of the equity and MP investors fund the rests. How much will the bank lend in 2017?
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
7th Edition
0077861604, 9780077861605
