Suppose an asset has a first cost of $7, 000, a life of five years, a salvage value of $2, 000 at the end of five years, and a net annual before-tax revenue of $1, 500. The firm's marginal tax rate is 35%. The asset has a CCA rate of 15%. Using the generalized cash flow approach, determine the cash flows after taxes. Rework part (a), assuming that the entire investment would be financed by a bank loan at an interest rate of 9%. Given a choice between the financing methods of parts (a) and (b), show calculations to justify your choice of which is the better one at an interest rate of 9%