A borrower can obtain on 75 percent loan with an 8 percent interest rate and monthly payments. The ioan is to be fully amortized over 25 years. Alternatively, he could obtain a 85 percent loan at an 8.5 percent rate with the same loan term. The borrowerplans to own the propeity for the entre loan term. Required: a. What is the incremental cost of borfowing the additional funds? (Hint The dollar amount of the loan does not affect the answer) b. What ts the incremental cost of borrowing the additional funds if 2 points were charged on the 85 percent loan? c. What is the incremental cost of borrowing the additional funds if the borrower planned to own the property for only five years