Q4. (25 marks) Amazing Inc. would like to purchase some land and build a new assisted living center. The anticipated total cost is $12.4 million. The manager of the firm is quite conservative and will only do this when the company has sufficient funds to pay cash for the entire construction project Management has decided to save $235,000 a month for this purpose. The firm eams 7% compounded monthly on the funds it saves. What time does the company have to wait before expanding its operations? Is this a good investment? Why or why not