(1 point) A company can borrow $730000 for 7 years by issuing bonds, on which interest is paid annually at ji = 5% and the principal is paid off using a sinking fund earning ji = 5%. The other option is to borrow $730000 from a bank and repay the loan over 7 years with equal annual payments at ji = 8%. Which option will result in a smaller periodic cost for the company? Answer: Select One How much will you save each period with this option? Answer: $ NOTE: Round dollar values appropriately and use them in subsequent calculations