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Wine Depot is considering several alternative means of financing an expansion. One alternative is to borrow $500,000 from a local bank, but another alternativeis to borrow this amount from investors by issuing bonds. Both alternativesinvolve a 3-year debt period with quarterly payments. Modify the workbookch506 to compute a loan and bond analysis, naming and formatting cell rangesas appropriate. Assume an annual loan rate of 3 percent, an annual bond statedrate of 3 percent, and a 4 market annual interest rate of 3.5 percent. Rate Loan Term Loan Amount Payment per Quarter Payment \# Payment Interest Principal Balance \begin{tabular}{|c|} \hline 1 \\ \hline 2 \\ 3 \\ 4 \\ 5 \\ 6 \\ 7 \\ 8 \\ 9 \\ 10 \\ 11 \\ 12 \\ \hline \end{tabular} Total Wine Depot is considering several alternative means of financing an expansion. One alternative is to borrow $500,000 from a local bank, but another alternativeis to borrow this amount from investors by issuing bonds. Both alternativesinvolve a 3-year debt period with quarterly payments. Modify the workbookch506 to compute a loan and bond analysis, naming and formatting cell rangesas appropriate. Assume an annual loan rate of 3 percent, an annual bond statedrate of 3 percent, and a 4 market annual interest rate of 3.5 percent. Rate Loan Term Loan Amount Payment per Quarter Payment \# Payment Interest Principal Balance \begin{tabular}{|c|} \hline 1 \\ \hline 2 \\ 3 \\ 4 \\ 5 \\ 6 \\ 7 \\ 8 \\ 9 \\ 10 \\ 11 \\ 12 \\ \hline \end{tabular} Total