Kelly Industries is given the opportunity to raise €5 million in debt through a local governmentsubsidized program.While Kelly would be required to pay 12% on its debt issues, the HamptonCounty program sets the rate at 9%.If the debt issues expires in 4 years, calculate the NPV of thisﬁnancing decision.

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The Answer of Kelly Industries is given the opportunity to raise €5 million in debt through a local governmentsubsidized program.While Kelly would be required to pay 12% on its debt issues, the HamptonCounty program sets the rate at 9%.If the debt issues expires in 4 years, calculate the NPV of thisﬁnancing decision.

Kelly Industries Is Given the Opportunity to Raise €5 Million