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 a sculpting repayment is calculated?

$$0\mathrm{.}50m$

$$1\mathrm{.}625m$

$$2\mathrm{.}00m$

$$2\mathrm{.}625m$