Afirm that has recently experienced an enormous growth rate is seeking to lease a small plant in memphis, tn; biloxi, ms; or birmingham, al. prepare an economic analysis of the three locations given the following information: annual costs for building, equipment, and administration would be $43,600 for memphis, $60,000 for biloxi, and $100,000 for birmingham. labor and materials are expected to be $8 per unit in memphis, $4 per unit in biloxi, and $5 per unit in birmingham. the memphis location would increase system transportation costs by $50,000 per year, the biloxi location by $60,000 per year, and the birmingham location by $25,800 per year. expected annual volume is 13,000 units. memphis: ; biloxi: ; birmingham:

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan