Please show all work clearly

3. A city is selling a coupon bond to finance building a new convention center. The bond is put out for sale for $250 million, which is the cost of construction of the convention center, at 8.5% annual interest. The interest payments are to be annual, and the bond matures (principal must be paid back) in 10 years, at which time the city has to pay back the principal along with the last interest payment. The city expects that it will have average net receipts (revenues remaining after operating costs each year) of $50 million in fees from the convention center each year starting in year 3 (after 2 years of construction) and will receive $15 million every year in additional hotel tax revenue from people coming to town for events at the center also starting in the after two years of construction. The asset securing the bond is the convention center. a. How much interest does city have to pay the bond investors every year? (this is divided up amongst all the bond buyers) b. What is the total cost of the bond (including principal payment) to the city over the 10 years? c. How much money does the city expect to profit off the convention center over the 10 years including the years of net receipts and taxes and the costs of paying all the costs of the bond and the final principal payment? d. Show the annual cash flow for the city, and the cumulative annual cash flow. e. State in which year the cumulative cash flow becomes positive