(ii) An investor is considering the following project. At the beginning of each of the first three years of the project, K210,000 will be invested. The investor does not have sufficient capital but can borrow money from the bank at an effective interest rate of 7% per annum. Net revenue is received from the start of the project and will be received monthly. The initial rate of payment is K30,000 per annum, but is expected to grow annually at an effective rate of 6% per annum. The length of the project is 25 years. The investor can earn interest at an effective rate of 4.5% per annum on any money invested in his bank account. The investor has the option to repay the loan as early as possible with revenue received from the project. (i) Calculate the discounted payback period for the project. [8 marks] (ii) Show the profit/loss the investor during the life to the end of the project. [