Use the following information to answer questions: $15 milliorn $20 million Long-term Debt $5 million 5 million $25 million Cash Required Reserves $5 million Deposits Loans Equity Total $25 million Total The average interest earned on the loans is 8 percent and the average cost of deposits is 6 percent. Rising interest rates are expected to reduce the deposits by $4 million. Borrowing more debt will cost the bank 7 percent in the short term. 6. What will be the cost of using a strategy of reducing its asset base to meet the expected decline in deposits? Assume that the bank intends to keep $5 million in cash as a liquidity precaution. 7. What will be the cost using a strategy of purchased liquidity management to meet the expected decline in deposits? Assume that the bank intends to keep $5 million in cash as a liquidity precaution