8. The directors of Quantum Property Group Ltd are looking at borrowing new capital for a term of five years from BankEast Ltd. The repayment schedule outlined by BankEast Ltd is given below. This schedule includes both principal and interest on the loan. {:[" Year 0 "," Year 1 "," Year 2 "," Year 3 "," Year 4 "," Year 5 "],[,$1","000","000,$1","500","000,$1","800","000,$2","000","000,$2","500","000]:} Suppose BankEast Ltd requires a return of 12% p.a. compounded monthly on loans provided to Quantum Property Group Ltd. How much (rounded to the nearest ' O 00 ) is Quantum Property Group looking to borrow? $4.555,000 $8,800,000 $5,944,000 $6,059,000 $7,473,000