One of the incentives provided by Vietnam to attract IBM into setting up a local production facility is a 9- year, USD70 million loan at 5.5%. The principal is to be repaid at the end of the 9th year. The market interest rate on such a loan is 12.0%. With a marginal tax rate of 25.0%, how much is this loan worth to IBM? O a. USD20,458,780.03 million O b. USD18,182,652.41 million O c. USD27,278,373.37 million O d. USD24,243,536.55 million O e. USD25,098,435.21 million

One of the incentives provided by Vietnam to attract IBM into setting up a local production facility is a 9 year, USD70 million loan at \5.5. The principal is to be repaid at the end of the \\( 9^{\\text {th }} \\) year. The market interest rate on such a loan is \12.0. With a marginal tax rate of \25.0, how much is this loan worth to IBM? a. USD 20,458,780.03 million b. USD \\( 18,182,652.41 \\) million c. USD \\( 27,278,373.37 \\) million d. USD24,243,536.55 million e. USD25,098,435.21 million