A company is thinking of investing in a new production process. It needs to expend #600000 on new machines with estimated lives of 5years. They are expected to have no appreciable salvage value the end of the project. The accountant and thy industrial engineer (IE) are at loggerhead as to which funding option is the more beneficial. The accountant want the company to commit only #450000 of wants no funds, white the balance is source ow 2096 from finance houses. The If on the other hand to bring company finds committed - i.e all required funds should be borrowed. If project is expected to bring in net revenue of N 230'000 per annual, and loan obligations are to be met in equal installments (with the principal repayment at end of the project life) and assuming the current corporate tax rate is 35%, which option is better?