Henning 2 Headings Duda cooperation is a fashion industry has recently recruited you as a finance Executive. Your first task is to advise to a client, on which of the following financing options would be best when seeking a loan which would be secured by the client's assets such as property and equity. Your problem-solving skills need to be demonstrated, after analysing the multiple cash flows carefully. (a) Fill out the table below and rank your recommendation from 1-5, with 1 being the most recommended option and 5 being the least recommended option. Show your workings clearly and then fill out the table below. Please provide at least 2 decimal places in your answer. Frequency Annual Bank Term of loan of repayment interest rate 27 years monthly 5% B 20 years yearly 12% C 11 years quarterly 14% D 15 years daily 8% E 7 years weekly 5.5% Assume 1 year is made up of 365days. Except for bank E, where the first payment is made at the beginning of the period, for all other banks, the first payment is made at the end of the first period. Loan granted is 4,700,000 AED. Total repayments Total Interest earned by the bank Recommendation to your client (Rank) Bank B D E (b) If your client decides to choose Bank E, but pays the full loan over 4 years, how much interest would he have saved over the full term, assuming the bank requires an additional 1% closing costs fee for settling the loan earlier? Clearly show your workings