An individual considers two options of investing GBP 26,000 with the purpose of earning extra profit. Information about two investment plans is presented in a table below: e I 2 2345 Characteristics Period, years Annual interest rate 4 Annual discount rate Interest payment plan 3 Feature Type of investments 6 Principal payment plan of investment plans Investment plan 1 Investments in bonds 4 5% 4.8% Interests are paid annually at the end of each year At maturity Table Investment plan 2 Investments in treasury bills 4 5% 5.2% Interests are paid semi-annually At maturity Calculate present value of future cash flows for both investments to identify the most profitable investment plan for an individual.