NBN Co will invest in an asset to fund its future purchase of copper wires. This asset is currently trading at $1,835,000. It is expected to generate a monthly cash flow forever that grows at a constant rate of 8% p.a. compounded monthly. The expected cost of capital is 10% p.a. compounded annually. How much would the first cash flow be from such an asset?

Group of answer choices

$2,685.41

$2,399.21

$2,559.62

$2,763.16

$2,489.87

Mr Johnie Depp was awarded a damages payout of $5 million in three months' time plus another $3.5 million in five months' time. What single amount today is equivalent to these payments if the appropriate interest rate is 8% p.a. compounded daily?

Group of answer choices

$8,165,580.67

$8,396,362.50

$8,695,369.18

$8,286,272.82

$8,592,365.85