A project needs an initial outlay of $3000 for equipment and will net a cash flow of $300 for the next 12 years. At the end of the 12th year, there is a Salvage Value of $1000 for the equipment. What is the NPV of the project if the cost of capital is 12% p.a. effective (to the nearest dollar)? Select one: O a. $2115 O b. -$915 O c. $1600 d. - $885 Max plans to deposit 8 year-end amounts of $6,500 each into a savings account starting in exactly 3 years from today.. If he earns 4.3% p.a., how much will he have after the 8th deposit? Select one: a. $61,548.91 O b. $60,536.48 c. $59,772.31 d. $62,115.62 A loan of $400,000 is to be paid over 15 years by equal month-end instalments where the interest rate is 12% per annum compounded monthly. What is the amount of the monthly instalment? Select one: a. $4,578.22 b. $4,785.63 c. $4,955.42 d. $4,800.67