Corporate Finance - Reading 25 - Table 30

Hi guys,

I am having trouble getting to the debt repayment amount in table 30 (p.61). In the first year this amount is -11,525 USD but I am not able to understand why. The text mentions a 50 % debt/value ratio but that does not really help me. What exactly does that mean?

Any help would be greatly appreciated!


Thanks a lot!