A firm needs $$1\mathrm{.}4$ million in additional funds. These can be borrowed from a commercial bank with a loan at $8$ percent for one year or from an insurance company at $10$ percent for four years.

The tax rate is $30$ percent.

a$.$ What will be the firm's earnings under each alternative if earnings before interest and taxes $($EBIT$)$ are $$450,000?$ Round your answers to the nearest dollar.

Commercial bank: $

Insurance company: $

b$.$ If EBIT will remain $$450,000$ next year, what will be the firm's earnings under each alternative if short$-$term interest rates are $5$ percent? Round your answers to the nearest dollar.

Commercial bank: $

Insurance company: $

If EBIT will remain $$450,000$ next year, what will be the firm's earnings under each alternative if short$-$term interest rates are $13$ percent? Round your answers to the nearest dollar.

Commercial bank: $

Insurance company: $