Question 14 Not yet answered Suppose the government of Germany offers you a 3-year, non-amortizing 50,000 euros loan to entice you to undertake a particular project within its borders. In addition, the government offers you an attractive rate of EUR = 10% p.a. when loans of similar risk yield a return of IEUR = 15% p.a. The German tax rate is 50%. What is the present value of the interest subsidy on this loan? Marked out of 3.00 Flag question Select one: a. EUR 3250.66 O b. EUR 2854.03 O C. EUR 4895.60 O d. EUR 5000.00 O e. EUR 3108.56