Costeva is a vertically integrated company that grows creatively hybridized crops and incorporates them into clothing, f

[answerhappygod]

Costeva is a vertically integrated company that grows creatively
hybridized crops and incorporates them into clothing, furniture,
household cleaners, and many other products, which they sell in
their own stores across the United States.
Costeva’s debt financing comes exclusively from 5-year notes,
which they issue as needed, generally once or twice per year. They
consistently pay off these notes as possible, always before the due
date, but otherwise repaying the highest-interest notes first.
Their most recent issuance was in December 2021 on a $750,000 note
for 2.65%.
Costeva has never issued preferred stock, but pays a regular
dividend on their common stock. The risk-free interest rate is 1%;
the current market risk premium is 4%.
Required:
ANSWER:
ANSWER: