3. An investor seeks to borrow funds for a long-term investment. The invest- ment is virtually certain to generate profits of 10 percent per annum, but has no prospects for a higher yield or for appreciation. It is a one-time opportunity that will accommodate all the funds the investor can raise, and it can be liquidated at any time with no transaction costs. The investor has no cash available but can borrow on the following terms: a. A 25-year, 8.5 percent loan with a 2.5 percent origination fee and no prepayment permitted. The loan will be fully amortized over the 25-year term. Loan proceeds (net of the front-end fee) will be $50,000. b. A 25-year, 8 percent loan, fully amortizing, with no loan origination fee and no prepayment permitted. Loan proceeds will be $40,000. Required: Given that there is no other source of funds available for invest- ment and that this is the only investment opportunity available, and assum- ing the investor is not a taxable entity (for computational convenience, ignore income taxes), if all other factors remain equal, which loan should the investor take