Carlisle Corporation has an existing loan in the amount of $8 million with an annual interest rate of 5.4%. The company provides an internal company-prepared financial statement to the bank under the loan agreement. Two competing banks have offered to replace Carlisle Corporation's existing loan agreement with a new one. First Capital Bank has offered to loan Carlisle $8 million at a rate of 4.4% but requires Carlisle to provide financial statements that have been reviewed by a CPA firm. Money Tree Bank has offered to loan Carlisle $8 million at a rate of 3.4% but requires Carlisle to provide financial statements that have been audited by a CPA firm. Carlisle Corporation's controller approached a CPA firm and was given an estimated cost of $32,000 to perform a review and $54,000 to perform an audit. Read the requirements. (Enter amounts in dollars, not millions, throughout.) ........ requires an audit report is lower than the interest rate for the other two loans. The interest rate for the loan that requires a review report is lower than the loan that does not require a review because of the lower information risk. A review report provides moderate assurance to financial statement users. Compared to a review report, an audit provides further assurance and thus lower information risk. As a result, the interest rate is lowest for the loan with the audit report. Requirement b. Calculate Carlisle Corporation's annual costs under each loan agreement, including interest and costs for the CPA firm's services. Indicate whether Carlisle should keep its existing loan, accept the offer from First Capital Bank, or accept the offer from Money Tree Bank. Begin by calculating the annual costs under each loan agreement. (Complete all input fields. Enter a "0" for any zero balances.) Cost of CPA Annual Loan Lender Services Annual Interest Cost Existing loan (No CPA service) First Capital Bank (CPA Review service) Money Tree Bank (CPA Audit service)