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The Montmagny Company and the Shawinigan Company are identical in every respect except that Montmagny is not levered. Financial information for the two firms appears in the following table. All earnings streams are perpetuities, and neither firm pays taxes. Both firms distribute all earnings available to common shareholders immediately. a-1. What will the annual cash flow be to an investor who purchases 5% of Shawinigan equity? (Omit $ sign in your response.) Cash flow \$ a-2. What is the annual net cash flow to the investor if 5% of Montmagny equity is purchased instead? Assume that borrowing occurs so that the net initial investment in each company is equal. The interest rate on debt is 6% per year. (Omit $ sign in your response.) Net cash flow $ b. Given the two investment strategies in (a), which will investors choose? Montmagny Shawinigan