Your company is planning to make an offer of $67 per share. You applied for low interest loans and will receive the followings: a) 4-years loan of $4 million, zero interest b) 28-years loan of $4...

please help me to solve this problem

Extracted text: Your company is planning to make an offer of $67 per share. You applied for low interest loans and will receive the followings: a) 4-years loan of $4 million, zero interest b) 28-years loan of $4 million, 4% interest, while the normal borrowing rate is 6%. How much is the interest subsidy worth? Select one: • a. 1.72 O b. 1.9 O c. 1.54 O d. 2.9 Clear my choice