Two A Poultry Farmer has a loan with a commercial bank for $500 that was acquired at a market interest rate of 5.0% per annum. The poultry farmer joined a credit union that has offered him the option to refinance this loan at better terms than the commercial bank loan. The credit union offered him the following two options for a refinancing loan: Amount Interest rate Option 1 500 3.0% per annum (simple interest) Option 2 500 4.0% per annum (simple interest) Repayment period 2 years (starting next year) 4 years (starting next year) (a) Using the Net Present Value approach, calculate the Present Value of each refinancing option. (b) Which option should the businessman choose and why? (Give your NPV answers in Table form) Hint: The market interest rate is the discount rate