5. When buying a new copier, the dealer offers you a financing arrangement on the $27,450 you need to borrow to make the purchase. The offer includes a choice of 0% APR interest for 12 months or a $4,000 rebate off of the $27,450. If you take the 0% loan you give up the rebate to the dealer. If you take the rebate you cannot have the 0% loan, but instead are offered an 8% APR loan for 9 months. A condition of the rebate is that you must use the dealer to finance the purchase. Alternatively, your local bank offers you 4% APR interest on the equipment loan for 12 months. The loan terms from each party are that the principal and all interest will be paid in the specified time from the date of sale as a lump sum. For A., B. and C. determine the "cost"; that is the amount of cash paid out of pocket. A. The 0% loan will cost: B. The 4,000 rebate offer with borrowing at 8% cost is: C. The local bank loan will cost: Which offer should you take? State your choice and show the total cash outlay that will be required