Suppose That to Fund This New Project,Aardvark Borrows $120 with the Principal

question 17

Multiple Choice

Suppose that to fund this new project,Aardvark borrows $120 with the principal to be paid in three equal installments at the end each year.The levered value of Aardvark's new project is closest to:

• A)$210.15
• B)$207.35
• C)$207.00
• D)$210.50

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