Polaris Industries is forecasting its financial statements for Year 6. Selected financial information for Year 5 is provided in the table
What is the interest expense for Polaris Industries in Year 6? (Assume that Polaris Industries average cost of debt is 11.76%.)
Selected Financial Information
Polaris Industries Inc ($ '000)
Year 5
Long Term Debt 18,000
Interest Expense 1,350
A) $2,117
B) $2,347
C) $3,114
D) $4,139
E) $4,234
A
Business
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