I chosen Wells Fargo for number 10! Visit the website for a second large bank or credit
card company, and learn about a similar type of
credit card being offered by this company.
Describe at least two differences between this
credit card offer and the one from question 10
above. Which offer would you be more likely to
choose? Why? (3-6 sentences)

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%