The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating income) Interest expense Income tax expense Net income Total assets at year-end Total liabilities at year-end $ 50,000 10,000 12,000 28,000 200,000 120,000 The debt/equity ratio at December 31, 2019 was: Multiple Choice 400 O 60.0 60.0% 607 You have accumulated $5,450 and are looking for the best rate of return that can be earned over the next year. A bank savings account will pay 5%. A one-year bank certificate of deposit will pay 7%, but the minimum investment is $8,450. Required: a. Calculate the amount of return yo would earn if the $5,450 were invested for one year at 5%, b. Calculate the net amount of return you would earn 3.000 were borrowed at a cost of 15%, and then $8,450 were invested for one year at 7% c. Calculate the net rate of return on your investment of $5,450 if you accept the strategy of part b (Round your answer to 2 decimal places.) a Amount of retum b. Net amount of retum c Not rate of return