109989 1&new_attempt=18 content id=_6378567_18stepe c. $2,141 Enter Response Here: d. None of the answers are correct QUESTION 4 Jon is considering the purchase of 340 acres of land for $1527.18 per acre. A bank will loan him $1,290 per acre of land and the loan will be fully amortized over 20 years at 18%. The outstanding balance of the loan will be paid at the end of the third year. Assume that the marginal tax rate is 20%. Suppose that the following Information is given Net Cash Flow before debt in Year 1- $162.00 Net Cash Flow before debt in Year 2 $177.00 Net Cash Flow before debt in Year 3- $1,522.00 How much down payment is needed for the 340 acres? a. $92,898 b. 564,512 c. $80,641 d. $76,125 e. None of the answers are correct Enter Response Here 0 Calculate the amount of loan payment per acre per period. a. $293 b. $241 c. $192 d. $197 e. None of the answers are correct Enter Response Here: Calculate the per acre tax savings from paying interest in year 2 a $18 b. $21 c. $46 d. $20 e. None of the answers are correct Enter Response Here: (1) Calculate the per acre tax savings from paying interest in year 2. a. $18 b. $21 c. $46 d. $20 e. None of the answers are correct Enter Response Here: (V) How much money needs to be generated from other parts of the business to cover the cash deficit for the 340 acres in the 1st year, so that the investment is financially feasible? a. $15,829 b. $19,787 c. $11,070 d. $23,744 e. None of the answers are correct Enter Response Here: M How much money needs to be generated from other parts of the business to cover the cash deficit for the 340 acres in the 2nd year, so that the investment is financially feasible? a. $12,457 b. $6,079 c. $15,571 d. $8,374 e. None of the answers are correct Enter Response Here