1. You need to take out a loan to buy a 10 MW centrifugal compressor and install in your gas plant in Houston, TX, but because of constraints on your budget you can only afford to pay $300K per month. You find a loan that gives you a 6% annual interest rate, compounded monthly. If the term of the loan is 3 years, will you be able to afford this project? If not, to how many years would you need to extend the term of the loan so that you could afford it? The cost of the centrifugal compressor costs 1.59MM$