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Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements ...

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Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements ...

Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements for Year 3. Selected financial information for Years 1 and 2 is provided in the table. What is the interest expense for Blockbuster in Year 3? (Assume that Blockbuster's average cost of debt is 7.50%.)

Selected Financial Information

Blockbuster Inc. ($ '000)

	Year 1	Year 2
Short Term Debt	31,890	162,430
Long Term Debt	1,137,256	798,300
Interest Expense		87,686

▸ $70,341

▸ $72,054

▸ $80,667

▸ $87,686

▸ $135,166

Textbook

Corporate Finance Online

Edition: 2^nd

Authors: Eakins, McNally

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Thanks for your help!!

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