The major type of loan made by banks to businesses is thefixed-asset-based loanshort-term secured loanshort-term self-liquidating loancapital improvement loan

The major type of loan made by banks to businesses is thefixed-asset-based loanshort-term secured loanshort-term self-liquidating loancapital improvement loanAn important cash inflow in the analysis of initial cash flows for a replacement project istaxesthe cost of the new assetinstallation costthe sale value of the old assetThe approximate before-tax cost of debt for a 10-year, 8 percent, $1,000 par value bond selling at $1,150 is6 percent8.3 percent8.8 percent9 percent