8 You bought the house for $500,000 exactly three ycars ago. To purchase this house, you made 30 percent down and then got a 30-year fixed-rate mortgage loan. The mortgage rate was 6 percent. What should be your monthly mortgage payment? (6 points) 9. Consider the following three projects for Ralco Co. This company is in pharmaceutical industry. It currently sells several drugs, including pain reliever and cough medicine. Project A is considered the safest project of these three while Project C is the riskiest one. There are three discount rates for the capital budgeting: 8 percent for Project A, 12 percent for Project B, and 19 percent for Project C. Period Project A Project B Project TO ($10,000) ($12.000) ($17.000) TI $2,000 $2,900 $1,900 T=2 $1,900 $1,900 $1,900 T3 $1.900 $1,900 S1,900 T-4 $2.500 $1,900 $1,900 T-5 $2.500 $2,900 $1,900 T-6 $1,800 $2,900 $3,900 T-7 $1,800 $2.900 $3.900 T-8 $1,800 $3,900 $3.900 T-9 $1,800 54.900 $6.900 A) If you have to choose only one project under the Payback Period, which project should be chosen and explain WHY? (4 points) B) When you have only $20,000 to support the above projects, which project (or projects) should be chosen under the Net Present Value (NPV) and explain WHY? (4 points)