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Author Question: Polaris Industries is forecasting its financial statements for Year 6. Selected financial ... (Read 95 times)

123654777

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on: Apr 25, 2021
Polaris Industries is forecasting its financial statements for Year 6. Selected financial information for Year 5 is provided in the table. What is the interest expense for Polaris Industries in Year 6? (Assume that Polaris Industries average cost of debt is 11.76%.)

Selected Financial Information
Polaris Industries Inc. ($ '000)
​Year 5
Long Term Debt18,000
Interest Expense1,350

◦ $2,117
◦ $2,347
◦ $3,114
◦ $4,139
◦ $4,234
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by 123654777 on Apr 25, 2021

Eazy416

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Reply #1 on: Apr 25, 2021
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123654777

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Reply 2 on: Apr 25, 2021
Wow, this really help

phuda

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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