4. You are running a very successful corporation, but need access to capital for new projects. You have two options: Option 1 is to issue $50 million in new bonds to fund a single project. Option 2 is to issue $110 million in new bonds to fund two new projects. According to the credit rating agency, pursuing option 1 will result in moving from a current rating of A to a new rating of BBB. Pursuing option 2 will result in moving from a current rating of A to a new rating of BB. The following interest rates are attached to each credit rating: + AAA 5.50% AA 5.81% A 6.03% BBB 6.24% BB 6.88% B 7.65% a. Calculate the amount of the payment under option 1. (5 points) Do not use =pmt function. b. Calculate the amount of the payment under option 2. (5 points)