You are trying to decide whether or not to refinance given the following information: Current Loan: o $2,000,000 o 7% o 30 yr (amortization) o Issued 10 yrs ago (20 yrs left) New Loan: o 5.5% o 30 yr (amortization) o $2000 in closing costs o 1 point If you do not refinance, then you would invest the fees in the stock market @ 9% annual return. You have a 25% income tax rate. Should you refinance? Explain why or why not. Show each step