Suppose a rising firm, Mountaineer Inc., is trying to raise one million dollars for new inventory. Their expected EBIT is from $8,000,000 to $12,000,000. After completing an EPS/EBIT analysis, they decide to raise the one million via issuing stock. How much interest will they pay on this money?
Select one:
- 0%
- 5%
- 8%
- 10%
- 12%