1. Solve the following problems. Show your solutions. 1. (10 pts.) One is considering a machine that is expected to produce the following cash flows: P 50,000.00 in year 1, P 65,000.00 in year 2, P 55,000.00 in year 3, P 46,000.00 in year 4, and P 39,000.00 in year 5. If the interest rate is 10%, what would be the maximum offer (purchase price) on this machine? 2. (10 pts.) If one borrow P 9,000.00 and agree to repay the loan in six equal annual payments at an interest rate of 10%, what will the annual payment be? What if the first payment on the loan is made at the end of second year? 3. (10 pts.) Your company borrowed P 180,000.00, agreeing to pay the balance in 18 equal monthly instalments at 8% compounded monthly. Determine the remaining loan balance right after the 12th payment