Scenario 1 (20 marks) (a) Walmart Toys owes a toy manufacturer, Import Dragons, two loans: (i) $30000 due in two years with interest at 11% compounded semi-annually. (ii) $25000 due in fifteen months with interest at 9% compounded quarterly. If the company wants to discharge these debts by making two equal payments, the first now and the second eighteen months from now, what is the size of the two payments if money is now worth 8.4% compounded monthly? Let the focal date be now. (b ) Due to the current financial status of Walmart Toys, one of the financial consultant suggested that Walmart Toys should repay the two loans by making 8 equal payments at the end of every three months. Suppose the interest rate is 10% compounded monthly and the first payment is made three months from now, what is the size of each payment