Evaluating loan request. Carter Hall recently graduated from college and wants to borrow 50,000 to start a business, which he believes will produce a cash flow of at least 10,000 per year. As a student, Carter was active in clubs, held leadership positions, and did a lot of community service. He currently has no other debts. He owns a car worth about 10,000 and has 6,000 in a savings account. Although the economy is currently in a recession, economic forecasters expect the recession to end soon. If you were a bank loan officer, how would you evaluate Carterâ€™s loan request within the context of the â€œ5 Câ€™s of Creditâ€? Briefly describe each characteristic and indicate whether it has favorable or unfavorable implications for Carterâ€™s loan request.