An investor wishes to borrow 48,000 from a bank at an effective rate of interest of 9.4% per annum to finance the expansion of his business. The project is expected to generate net revenues of 4,250 per annum payable quarterly in arrears for the next [0.25.[d]1+3 years. (a) Find the discounted payback period for this project (in whole quarters). : [2] (b) Once the loan has been repaid, the investor can earn 3.1% per annum convertible quarterly on investing the revenues received. Making use of the result from part (a), find the total profit that the investor will make at the end of the [0.25. [d11+3-year investment project. An investor wishes to borrow 48,000 from a bank at an effective rate of interest of 9.4% per annum to finance the expansion of his business. The project is expected to generate net revenues of 4,250 per annum payable quarterly in arrears for the next [0.25.[d]1+3 years. (a) Find the discounted payback period for this project (in whole quarters). : [2] (b) Once the loan has been repaid, the investor can earn 3.1% per annum convertible quarterly on investing the revenues received. Making use of the result from part (a), find the total profit that the investor will make at the end of the [0.25. [d11+3-year investment project