QuestionsIs there necessarily one best decision for the group regarding theWhat might be the reason(s) that Chad does not want to pay off hisPrepare a personal analysis of the payout options for Bob, Chad andWhat non-financial factors might enter into the decision for the winners?payout options? If so what is it and why?debt? Do you concur?Dylan. Designate the preferred option for each individual and explain why.Taxable Income Bracket* Marginal Federal Tax Rate$0$8,50010%$8,501$34,50012%$34,501$83,60025%$86,601$173,40028%$173,401$379,15033%$379,151Or over25%*Assumes individual filing statusthis website