Genetech has 2000000 in assets have decided to finance 30

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Genetech has $2,000,000 in assets, have decided to finance 30% with long-term financing (13% rate) and 70% with short-term financing (9%) rate. What will be their annual interest costs?

i) $78,000
ii) $126,000
iii) $440,000
iv) $204,000

Reference no: EM13568458

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