Accounts capital budgeting

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					              Sub: Accounts                                                                     Topic: Capital budgeting

              Question:
              Calculation of Capital budgeting

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              A firm has notes payable of $1,546,000, long-term debt of $13,000,000, and total interest
              expen
				
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Description: Calculation of Capital Budgeting : A firm has notes payable of $1,546,000, long-term debt of $13,000,000, and total interest expense of $1,300,000. If the firm pays 8 percent interest on its long-term debt, what rate of interest does it pay on its notes payable?
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