Pine Village city council proposes to construct new recreation fields. Construction will cost $347,425 and annual O\&M expenses are $84,235. The city council estimates that the value of added youth leagues is about $127,515 annually. In year 6 another $81,622 will be needed to refurbish the fields. The city council agrees to transform the ownership of the fields to a private company for $169,677 at the end of year 10 . - If the MARR for the Pine Village city is 6%, calculate the NPV of the new recreation fields project. A heavy construction company plans to purchase a front loader with a price tag of $60,979. The company plans to finance the purchase with a loan. The down payment is $14,683 and the loan stipulates uniform monthly payment at 3% annual percentage rate (APR) for 5 years. - What is the monthly_payment? If the APR in question 3 is 2.3%, what is the effective interest rate of the loan? (please provide the answer in percentages and keep two decimal places; for example: if the answer is 5.376%, please input 5.38 in the box)