=+Net income has remained relatively constant over the past several years. The expansion program is expected to
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=+Net income has remained relatively constant over the past several years. The expansion program is expected to increase yearly income before bond interest and income tax from
$500,000 in the previous year to $700,000 for this year. Your sister has asked you, as the com¬
pany treasurer, to prepare an analysis of each financing plan.
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