ABC International is planning to acquire an asset that it expects will yield positive cash flows for the next five years. Its cost of capital is 10%, which it uses as the discount rate to construct the net present value of the project. Asset Value: $800,000.00 A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits AED, 1600 each on 1stJanuary and 1st July of a year. At the end of the year, the amount he would have gained by way of interest will be