Question 3: Hassan and Mashan are looking for the help of a financial advisor. Being a student of financial management, both are seeking your assistance. Please suggest them by solving below cases: a) Assume that Hassan just won the state lottery. Hassan's prize can be taken either in the form of Rs.40,000 at the end of each of the next 25 years or as a single payment of Rs.500,000 paid immediately. If Hassan expects to be able to earn 5 percent annually on his investments over the next 25 years, which alternative should he take? Assume that your only decision criteria is selecting the option with the highest present value. (8) b) Mashan's employer offers its workers an optional two-month unpaid vacation after 7 years of service to the firm. Mashan, who just started working for the firm, plans to spend his vacation touring Europe at an estimated cost of Rs.24,000. To finance his trip, Mashan plans to make an annual deposit of Rs.2,500 into a savings account at the end of each of the next seven years (the first deposit will occur one year from today). Will Mashan's account balance in seven years be enough to pay for his trip? (8)