Firm L has $525,000 to invest and is considering two alternatives. Investment A would pay 6 percent ($31,500 annual before-tax cash flow). Investment B would pay 4.8 percent ($25,200 annual before-tax cash flow). The return on Investment A is taxable, while the return on Investment B is tax exempt. Firm L forecasts that its 21 percent marginal tax rate will be stable for the foreseeable future. a. Compute the explicit tax and implicit tax that Firm L will pay with respect to Investment A and Investment B. b-1. What is the annual after-tax cash flow for Investment A? b-2. What is the annual after-tax cash flow for Investment B? b-3. Which investment results in the greater annual after-tax cash flow? Req B1 and B2 Req B3 Req A b-1. What is the annual after-tax cash flow for Investment A? b-2. What is the annual after-tax cash flow for Investment B? Annual after-tax cash flow Annual after-tax cash flow b-1 b-2 Req B3 Req A Req B1 and B2 Which investment results in the greater annual af OInvestment A OInvestment B