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    Cost of Financing

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    I have 3 problems here. I have the solution for the first 2 (excel) but I don't understanding how they got to that and I need to. So some detail about the method steps if possible. At least so I can follow through the rest. The excel is still fine.For the 3rd problem I need explainations too.
    My text is Foundations of Financial Management by Stanley Block.
    Thanks

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    https://brainmass.com/economics/output-and-costs/cost-financing-266427

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    Hello,

    I hope you are doing well. Please see my response attached. I have done my best to answer your question to the best of ...

    Solution Summary

    The solution is very well explained and detailed. The OTA does an excellent job of explaining all the steps needed to get to the right answer. The solution is easy to understand as well. Overall, an excellent response.

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