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Vargo Corp. owes $308,000 to First Trust. The debt is a 10-year, 12% note due December 31, 2014. Because Vargo Corp. is in financial trouble, First Trust agrees to extend the maturity date to December 31, 2016, reduce the principal to $248,100, and reduce the interest rate to 7%, payable annually on December 31.
(a) Prepare the journal entries on Vargo's books on December 31, 2014, 2015, 2016.(b) Prepare the journal entries on First Trust's books on December 31, 2014, 2015, 2016.
What are the investment's payback period, IRR, and NPV, assuming the firm's WACC is 9% and if the firm requires a payback period of less than 5 years, should this project be accepted?
A cost-benefit analysis of electronic medical records in primary care
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