Fiat Chrysler Inc needs $1,358,414,850 to finance a project. 50% of the financing ($679,207,425) will be done through a loan from ABC Bank. Develop the following:
- An interest rate and length of loan
- Repayment Schedule and a Summary of Total Interest Paid (amortization schedule)
The remaining 50% ($679,207,425) will be financed through equity as a 2:1 stock split. What will be the cost of equity?