yuu entered into your calculator and for each item indicate the corresponding key: N, 1/Y, C/Y, P/Y, PV, PMT, FV. XFlow International Ltd. needs to purchase a large hydraulic systems. They can defer payment for three years and pay $3,500,000. The other option is to make quarterly payments of $170,500 for five years. Interest rates are at 6.65% compounded quarterly. Round your calculations and answers to zero decimal places. a. (3 marks)Calulate the current economic equivalent of both payment options. b. (1 mark) What is the economically superior settlement for XFlow International? Your calculations in a must support your choice. c. (1 mark) In current dollars, how much better is the economically superior payment option? Round answers for each part to the nearest cent. Paragraph BI UA 20