Assuming that Ideko's market share after 2005 will increase each year, the required production volume for the following five years are shown here: LOADING...

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Ideko's production plant will require an expansion in 2010 (when production volume will exceed the current level by 50 %), and the cost of this expansion will be $ 14.2

million. Assuming the financing of the expansion will be delayed accordingly, calculate the projected interest payments and the amount of the projected interest tax shields (assuming that the interest rates on the term loans is 6.7 %) through 2010. Consider an income tax rate of 35 %

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Debt and interest 2005 2006 2007 2008 2009 2010

outstanding debt 97400 97400 97400 97400 97400

interest on term 6526 6526 6526 6526 6526 6526

loan 6.6%

interest tax shield 2284 2284 2284 2284 2284

Just need help on finding the outstanding debt for 2010 please