Required information The following information applies to the questions displayed below) Derek and Meagan Jacoby recently graduated from State University and Derek accepted a job in business consulting while Meagan accepted a job in computer programming Meagan inherited $56,000 from her grandliather who recenty passed away The couple s debating whether they should buy or rent a home. They located a rental home that meets their needs. The monthly rent is $2,950. They also found a three-bedroom home that would cost $256,000 to purchase The Jacobys could use Meagan's inhertance for a down payment on the home Thus, they would need to borrow $200,000 to acquire the home. They have the option of paying two discount points percent on the loan or paying no points and receiving a fixed interest rate of 575 percent for a 30 year fivwed loan to receive a fixed interest rate of 4.5 Though anything could happen, the couple expects to live in the home for no more than five years before relocating to a different region of the country. Derek and Meagan don't have any school-related debt, so they will save the S they don't purchase a home. Also, consider the following information 56,000 if . The couple's marginal tax rate is 25 percent Regardless of whether they buy or rent, the couple will temize their deductions . I they buy, the Jacobys would purchase and move into the home on Jenuary 1, 2017 If they buy the home, the property taxes for the year are $4,300 Disregard loan-related fees not mentioned above If the couple does not buy a home. they will put their money into their savings account where they earn 5.00 percent annual interest . Assume that all unstated costs are equal between the buy and rent option Required: Help the Jecobys with their decisions by answering the foilowing questions (Leeve no answer blank. Enter a if the Jacobys decide to rent the home, what is ther after -tax cost of the rental for t account in your analysis)? (Round your intermediate celculetions to the nearest whole dolar amount.) the first year (include income from the savings Pre 15 16710 19 Next> 5 6 8 9