Part 2 of 13 Save Polnts: 0.21 of 3 Raid Gauloises. Raid Gauloises is a rapidly growing French sporting goods and adventure racing outftter. The company has decided to borrow 22,000,000 via a euro-euro floating rate loan for four years. Raid must decide between two competing loan offers from two of its banks. Banque de Paris has offered the four your debt at euro-LIBOR 2% with an up front initiation fee of 1.100% Banque de Sorbonne, however, has offered euro-LIBOR-25% a higher spread, but with no loan initiation fees up-front, for the same term and principal. Both banks reset the interest rate at the end of each year. Euro-LIBOR is currently 3.900%. Raid's economist forecasts that LIBOR will rise by 0.500 percentage points each year. Banque de Sorbonne, however, officially forecasts euro LIBOR to begin trending upward at the rate of O 250 percentage points per year. Raid Gauloises's cost of capital is 11%. Which loan proposal do you recommend for Raid Gauloises? For the Banque de Paris loan, the cash flow for Year is 21604000 (Round to the nearest euro) For the Banque de Paris loan, the cash flow for Year 1 (Round to the nearest euro)