Answer the following questions related to the time value of money. Round all answers to the nearest dollar a) Hendrix Company needs a new warehouse. Below are three potential options for a new warehouse. Which would you recommend? Hendrix's borrowing rate is 89. All of the buildings have an expected life of 25 years. Building 1: S1.500.000 cash purchase Building 2: Lease for 25 years-annual payments ($125.000) are due at the beginning of cach year Building 3: S1.750,000 cash purchase. There is extra space in this building that can be rented out over the 25 years for $21,000 per year. The rental agreement would state that payments are due at the end of each year. b) You just borrowed $30,000 so that you could buy a brand new car. The loan plus the interest (which is 10% compounded semiannually) must be repaid in full in 7 years. To make sure you can repay the loan, you smartly decide to put some money into a savings account every 3 months (at the beginning of the period) until the loan is due. Your savings account earns 8% interest. How much will you need to deposit in your saving account every 3 months in order to pay off the loan in 7 years? c) A friend asks to borrow $500 today and promises to repay you $1,000 five years from now. What is the interest rate you would be receiving for this loan