About AirJet Best Parts, Inc. AirJet Best Parts, Inc. is a company dedicated to

Question

About AirJet Best Parts, Inc.
AirJet Best Parts, Inc. is a company dedicated to the design and manufacturing of aviation and airplane technologies and parts. The company has commercial and military clients worldwide.
Task 1: Assessing loan options for AirJet Best Parts, Inc.
The company needs to finance $8,000,000 for a new factory in Mexico. The funds will be obtained through a commercial loan and by issuing corporate bonds. Here is some of the information regarding the APRs offered by two well-known commercial banks.
Bank APR Number of Times Compounded
National First Prime Rate 6.75% Semiannually
Regions Best 13.17 Monthly

2. Based on your calculations above, which of the two banks would you recommend and why? Explain your rationale.

Explanation / Answer

http://www.gazhoo.com/upload/document/2011/09/28/201109281149590535.swf

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