Blank company has one project available with the forecasted cash flows in onie yeat shown...
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Accounting
Blank company has one project available with the forecasted cash flows in onie yeat shown below. The project risk requires a return of 11,74%. Blank borrowed $11,766 at 5.40% to make the investment and financed the rest of the project by issuing equity. After borrowing and issuing equity to finance, the project actually resulted in weak demand. Find the return to debt hoiders. Input your answer as a percentage and round your final answer to two decimal places. (i.e., 0.102345=10.23% type 10.23)
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