Use the following items to calculate this question.

Cashflow Available to Debt Service $($CFADS$)$ in quarter $1$ is $$3\mathrm{.}00m$

Debt Service Coverage Ratio $($DSCR$)=1\mathrm{.}50x$

Opening balance $=$$$30\mathrm{.}00m$

Interest rate $=5\%$ p$.$a$.$

Payments are quarterly, assume each quarter is an equal number of days $($e$.$g$.$ interest base is $30/360,$ so no need to calculate days $/365)$

Debt tenor remaining $=20$ quarters

Assume no grace period

What is the Principal repayment for the first quarter if an annuity repayment is calculated for the figures above?

$$0\mathrm{.}23m$

$$0\mathrm{.}91m$

$$1\mathrm{.}33m$

$$1\mathrm{.}70m$