Need help with question 7,8,and 9. thank you!

Karake, Inc. the manufacturer of the ErgoBeds Line products is planning to bring to market a new line of products called ErgoChairs. Andy Carrera, the project team's financial analyst, needs to see if this is worth the investment. He estimated the project's capital investment at $2.5 million. The $2.5 million will cover the cost of renovating a proposed manufacturing facility that will be rented, and the cost of new machinery to produce the new product line. He has listed the projected returns over the next 8 years with a discount ate of 8%, He also compiled a list of labor and material costs to start manufacturing these ErgoChairs and created an initial budget, which included overhead, marketing, and selling expenses. One critical element that is left to be analyzed is the funding required to produce the ErgoChairs. Before making a final decision to go with the project, Mr. Carrera has to evaluate the various alternatives to determine the most economically feasible way to finance the capital investment. Pablo was tasked with the job of exploring anumber of funding scenarios and generating cash flow projections to be provided to management before a final decision is made. - Pablo's first charge, then, is to analyze and study a number of financing options for the ErgoChairs Line. Following are the two options being considered to finance the capital investment for this project: One: Fund the project by borrowing the money from MarylandBank. The bank currently charges an interest rate of 8 percent compounded semi-annually, and requires the payments to be made semi annually over the next seven years. Karake, Inc. has been doing business with MarylandBank for the past 12 years and Pablo is confident the loan will be approved. Two: Fund the project by divesting a money market that was set up by Karake, Inc. four years ago, valued at $2.2 million (at the time of setup) and paying 4.75 percent interest compounded monthly. Pablo must evaluate the two alternatives and choose the optimal course of action to recommend to management