8) You need to borrow $2,500 quickly and Slimey Joe, the neig iborhood loan shark. will give it to you if you promise to repay him $300 a month for the next year Suppose that Joe's cost of funds is 2 percent per month. From Joe's point of view what is the net present value of this deal? A) $429.18 B) $487.08 C) $542.16 D) S672.60 Assessment Tool Financial Management Foundations- FIN 623 Last Update September 18, 2018 Page 2 of 3