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Outlaws is a general goods retail chain in the High Plains region. Outlaws is forecasting its ...

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Outlaws is a general goods retail chain in the High Plains region. Outlaws is forecasting its ...

Outlaws is a general goods retail chain in the High Plains region. Outlaws 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 Outlaws in Year 3? (Assume that Outlaws average cost of debt is 6.25%.)

Selected Financial Information

Outlaws Inc. ($ millions)

	Year 1	Year 2
Short Term Debt	627	715
Long Term Debt	4,194	4,208
Interest Expense		277

▸ $209

▸ $243

▸ $263

▸ $295

▸ $308

Textbook

Corporate Finance Online

Edition: 2^nd

Authors: Eakins, McNally

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