3. Analyze the three alternatives, excluding the BT alternative. Which financing alternative is the most attractive for each? From the perspective of the employee, what is the value of the package received less the present value of the amount paid by the employee? For these calculations: (1) ignore administrative costs; (2) Assume the deal is consummated immediately and the first payment under the Rhone-Poulenc 33-month financing scheme begins at the end of month four; and (3) the public offering price is 150 FFr per share. 4. How does the BT proposal work? How can you describe the BT proposal in terms of the types of building block financial contracts? From the employee's perspective, is the proposal fair? Suppose an employee buys one share and receive funding for an additional nine shares. What is the total value of the package received by the employee