Suppose your Economics professor has been offered an upfront payment of $30,000 to provide consulting services over the next 12 months to Rocket Companies. In return for this upfront payment, Rocket Companies would have access to 8 hours of consulting services from your professor for each of the next 12 months. Your professor's normal billable rate is $250 per hour for consulting services. Assuming that your professor's cost of capital (i.e. discount rate) is 12% EAR, then: 1. What is the monthly discount rate needed to discount the monthly payments? 2. What is the monthly cash flow? 3. What is the NPV of this proposed project (or retainer offer) In the space below, please only provide one number for each of the questions above (make sure to properly number the answers). 1 . 1 Fr. T E E