UT Dallas is planning to invest 1.5 million dollars in a project with anticipated cash flows as shown below at the end of each year for the next 7 years. If the discount rate is 8%, what is the NPV of this investment? Year Cash Inflow Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 $320,000 $405,000 $650,000 $435,000 $495,000 $400,000 $225,000 James has a credit card balance $5000 after Black Friday and he decides to pay $300 at the beginning of every month at 2.1% annual interest rate. In how many months can he pay off the balance?