Which of the following should NOT be included in a credit application?

The correct choice highlights that speculative future growth predictions should not be included in a credit application. This is essential because a credit application aims to evaluate the borrower's current financial situation and their ability to repay the loan based on solid, quantifiable data. Speculative predictions can introduce uncertainty and risk, as they rely on assumptions about the future that may not materialize.

In contrast, summarization of prevailing market conditions, a clear statement of the loan purpose, and a breakdown of the company's capital structure provide necessary context that lenders need to assess the creditworthiness of an applicant. Current market conditions reveal external economic factors, the loan purpose clarifies the borrower's intentions and needs, and the capital structure breakdown helps evaluate the financial health and stability of the borrower. These elements provide concrete information that supports informed lending decisions. Speculation, however, does not add tangible value to the assessment process, which is why it is best left out of a credit application.