Mr. Tim is investing in an automatic watering system for his farm this year. The total investment cost that he has to pay is 450 million US dollars. The automatic watering system has a life of 15 years and each year of the life cycle will help Mr. Math save costs worth 75 million US dollars. All investment costs will be financed by a bank loan at an interest rate of 10% per annum with a reasonable maturity and repayment schedule. a. There is no need to determine the loan term and repayment schedule, calculate and explain whether Mr. Tim should invest in an automatic watering system for his farm. b. The bank decided to give a 12-year loan, but weighed in between the two repayment schedules. For the first repayment schedule, Mr. Tim will pay the interest every year and by the end of the 12th year, he will have to pay the full principal in one time. For the second repayment schedule, Mr. Tim will pay both principal and interest annually. From a bank's perspective, which repayment schedule is better? Mr. Tim is investing in an automatic watering system for his farm this year. The total investment cost that he has to pay is 450 million US dollars. The automatic watering system has a life of 15 years and each year of the life cycle will help Mr. Math save costs worth 75 million US dollars. All investment costs will be financed by a bank loan at an interest rate of 10% per annum with a reasonable maturity and repayment schedule. a. There is no need to determine the loan term and repayment schedule, calculate and explain whether Mr. Tim should invest in an automatic watering system for his farm. b. The bank decided to give a 12-year loan, but weighed in between the two repayment schedules. For the first repayment schedule, Mr. Tim will pay the interest every year and by the end of the 12th year, he will have to pay the full principal in one time. For the second repayment schedule, Mr. Tim will pay both principal and interest annually. From a bank's perspective, which repayment schedule is better