.5 style An insurance company borrows 50 million at an effective interest rate of 9% per annum. The insurance company uses the money to invest in a capital project that pays 6 million per annum payable half-yearly in arrears for 20 years. The income from the project is used to repay the loan. Once the loan has been repaid, the insurance company can earn interest at an effective interest rate of 7% per annum. (0) (ii) Calculate the discounted payback period for this investment. [4] Calculate the accumulated profit the insurance company will have made at the end of the term of the capital project. [5] [Total 9]