Question: Suppose McNeil doesnt issue bonds and instead borrows debt from its primary bank at the following rates: Amount Borrowed Interest Rate $0 - $300,000 10%

Suppose McNeil doesnt issue bonds and instead borrows debt from its primary bank at the following rates:

Amount Borrowed Interest Rate

$0 - $300,000 10%

$300,001 - $500,000 12%

$500,001 or more 14%

What are the breakpoints for debt?

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