M\&B Tooling Ltd. is assessing two available options for the purchase of new equipment with a negotiated cash price of $100,000. The manufacturer is willing to accept a down payment of 20% of the purchase price and an instalment note for the balance. The note would require quarterly foxed principal payments (plus interest) starting October 1, 2023, for a period of two years. M\&B has a proposal from its bank for an instalment loan for two years that requires a fixed blended monthly payment (including both principal and interest) starting August 1, 2023. The loan would be for 80% of the equipment's purchase price. The current market rate of interest is 8% Both contracts have an interest rate of 8% Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Calculate the amount of the payments required of MEB under each alternative. Quarterly foxed principal + interest payments option with manufacturer: Total amount of payments Fixed blended monthly instalment note with the bank including principal and interest: (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Round answer to 2 decimal ploces, es. 5,275.25. Round interest rate per month to 5 decimal places, es. 1.25976 ) Total amount of payments M\&B Tooling Ltd. is assessing two available options for the purchase of new equipment with a negotiated cash price of $100,000. The manufacturer is willing to accept a down payment of 20% of the purchase price and an instalment note for the balance. The note would require quarterly foxed principal payments (plus interest) starting October 1, 2023, for a period of two years. M\&B has a proposal from its bank for an instalment loan for two years that requires a fixed blended monthly payment (including both principal and interest) starting August 1, 2023. The loan would be for 80% of the equipment's purchase price. The current market rate of interest is 8% Both contracts have an interest rate of 8% Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Calculate the amount of the payments required of MEB under each alternative. Quarterly foxed principal + interest payments option with manufacturer: Total amount of payments Fixed blended monthly instalment note with the bank including principal and interest: (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Round answer to 2 decimal ploces, es. 5,275.25. Round interest rate per month to 5 decimal places, es. 1.25976 ) Total amount of payments