A multinational company has surplus fund of 300,000 in UK for 90 days. The company is planning to invest the fund for 90 days. The company is considering to invest the fund in 90-day deposit in banks or invest in CDs for 90 days. The interest rate offered by a British bank on 90-day deposit is 6.5%. The interest rate on CD is 10%, but the minimum size of investment in CD is 500,000 and in multiples of 500,000. The overdraft charges applicable to the company is 14%. You are required to i. Find out the break-even size of investment in CD and suggest the bank whether to invest in CD or not. ii. Compare the gain/loss if the company have decided to invest in a CD against the investment in bank deposits