i require the assistance of answering part b and c . the answer for the a) is $409700 as the balue of the college fund today after 10 years worth of monthly deposits

Carrium Insights Inc. Income Statement For the year ended December 31, 2020 2020 ('000s) Sales 2,800 Cost of Goods Sold (1.400) Selling & Marketing Costs (75) Admin. Expenses (25) Depreciation Expense (50) Earnings before Interest & Taxes 1.250 Interest Expense (20) Taxable income 1,230 Taxation (20%) (246) Net Income 984 Dividends (50%) Addition to Retained Earnings 492 492 2019 (000s) 2020 ('000) ASSETS Current Assets Inventories Accounts Receivables Cash & Equivalents Carrium Insights Inc. Statement of Financial Position As at December 31, 2019 & 2020 2019 2020 ('000) (000s) LIABILITIES & EQUITY Current Liabilities 600 680 Accounts Payables 300 340 Notes Payables 1.100 1,340 2,000 2,360 Non-current Liabilites 1,870 Total Liabilities 1.100 700 1,800 1,360 860 2,220 770 568 Non Current Assets, Net 2,240 2,570 2,788 Equity Common Stock Retained Eamings Total Equity 820 480 1,300 840 972 1,812 TOTAL ASSETS 3,870 4,600 TOTAL LIAB. & EQUITY 3,870 4,600 (b) If Carrium deposits the value of this fund (answer in (a) above) into a new account earning 8% interest annually, how much would Carrium be able to withdraw at the beginning of each year over the next 10 years to assist qualifying students? (7 Marks) (c) The CEO has indicated that he would like the fund to be set up with $500,000 instead of the current amount (answer from (a) above). How long will it take to accumulate $500,000 if Carrium deposits the amount from part (a) in the same account earning 8% interest annually