An interest rate( is it variable-relevant or fixed irrelevant for year 1,2,3,4?) of 11.5%, from a 4 years loan to buy a machine( will last 5 years) on the last day of the company'previous financial year , should it be allocated in a Project Financial Data for evaluate if the company should invest or not in the project. (Investment appraisal, cost of capital and risk). Thanks.

Question

An interest rate( is it variable-relevant or fixed irrelevant for year 1,2,3,4?) of 11.5%, from a 4 years loan to buy a machine( will last 5 years) on the last day  of the company'previous financial year , should it be allocated in a Project Financial Data for evaluate if the company should invest or not in the project. (Investment appraisal, cost of capital and risk). Thanks.