Louis Sdn Bhd exported goods worth SGD350,000 to a company in Singapore. The term of payment is through a 90-day term draft undertaken by Vuiton Bank. The current discount rate on 90 days acceptance is 15 percent per annum and the acceptance fee is 2.5 percent per annum. Another flat commission fee of 0.5 percent is also imposed on the face value of the draft it is sold. The spot rate and 90-day forward rate is RM3.3310/SGD and RM3.3350/SGD, respectively. Determine: i) Amounts receive (in RM) if Louis Sdn Bhd holds the draft until maturity. ii) Amounts receive (in RM) if Louis Sdn Bhd sells the draft immediately. (3 marks) (3 marks) iii) If Louis Sdn Bhd's opportunity cost of fund is 12 percent per annum, advise the firm whether to hold the acceptance until maturity or not.