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Unformatted text preview: Bus M 475 “CAPTAIN COOK ADVENTURES” PART 1-Traditional Debt Financing INDIVIDUAL ASSIGNMENT Company Overview Captain Cook Adventures is an up and coming amusement park based in Levan, Utah. The company has just raised $1,000,000 in equity financing from family and friends to purchase real estate and provide partial working capital for the first year. The company is now looking for debt financing to purchase equipment and other fixed assets required to make the company a real success. The founders of the company, while somewhat familiar with equity capital, have not been educated in the areas of commercial debt financing to the point they feel comfortable in securing a loan on their own volition. Financials Other than accounts payable of $20,000, the company has no existing short-term or long-term debt. Of the $1,000,000 equity investment, $200,000 is in cash and the other $800,000 was used debt....
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This note was uploaded on 03/06/2012 for the course BUS M 475 taught by Professor Gregpeterson during the Fall '11 term at BYU.
- Fall '11