Question 5 An investor is proposed into a business venture to invest his capital of RM500,000 and is projected in return of payment of RM20,000 at the end of the first year. The payments are then increased geometrically at the rate of 9% yearly, for the remaining nineteen years. (a) Using the effective rate of return i, write the present value (PV) of the series of repayments for this investment (b) For i = 5%,6%,7%, compute the respective PVs in (a). (c) Find the internal rate of return (IRR) to obtain a zero-valued of net present value (NPV)