Question 2 Your friend wants to open a nail salon. She expects to earn the following cash flows, Time 1 2 3 Cash flow 6,000 8,000 4,000 If the appropriate discount rate is 11%, what is the maximum amount that she should invest initially? The maximum amount for investment = $. 4 7,000 5 9,000 0.5 pts M Question 3 0.5 pts Bobby decides to buy a BMW X5 that costs $53,000. He will finance the car with the car dealer, which requires equal payments. The financing term is: 4.3 % APR with monthly compounding for 5 years. What are the monthly payments that Bobby has to pay? Monthly payments - $