Evaluating loan request. Carter Hall recently graduated from college and wants to borrov

$$50,000$ to start a business, which he believes will produce a cash flow of at least $$10,000$ per

year. As a student, Carter was active in clubs, held leadership positions, and did a lot of community

service. He currently has no other debts. He owns a car worth about $$10,000$ and has $$6,000$ in a

savings account. Although the economy is currently in a recession, economic forecasters expect

the recession to end soon. If you were a bank loan officer, how would you evaluate Carter's loan

request within the context of the $"5$ C$\text{'}$s of Credit"? Briefly describe each characteristic and indi$-$

cate whether it has favorable or unfavorable implications for Carter's loan request.