PLease provide your answer with your full explanation by using Excel and GOAL SEEK.

The CPI is 1.6%.

Spreadsheet project task Today is 1 January 2020. Jake just used $400,000 ($200,000 is from Jake's own investment and $200,000 is raised by taking a 5-year loan) to purchase a cafe fran- chise. To operate this business, Jake needs to pay rent, maintenance costs, labour costs and loan repayments. 0 Jake took a 5-year $200,000 loan from MQ bank. Jake needs to make 60 monthly repayment with an amount of $3,800. The loan repayment will be paid by the end of each month. This package has an annual fee of $200. The package fee is paid on 30 June of each year during the following ve-year period. The rst one will be paid on 30 June 2020. This loan will be fully repaid by the end of 5 years. 0 Rent will be paid by the end of each quarter with an amount of $12,000. 0 Labour cost will be paid by the end of each month with an amount of $10,000. 0 Maintenance cost will be paid by the end of each half year with an amount of $15,000. 0 Jake predicts that this cafe franchise initially can have monthly revenue of $24,000. Assume that Jake can obtain this amount by the end of each month. Jake forecasts that this revenue amount will increase at the rate of y% p.a. The revenue increase will only happen at the beginning of each year. For example, this cafe franchise initially has monthly revenue of $24,000 in 2020. Then the revenue amount will become $24,000(1+y%) per month in 2021 and $24, 000(1 + y%)2 per month in 2021 2022. Jake assumes the value of y is the same as the Australian CPI rate for 2019. You need to use FactSet to nd the Australian CPI rate for 2019. o The franchise has a term of 5 years. If Jake chooses not to renew the franchise, he needs to terminate this business by 31 December 2024. a. Use Goal Seek to nd the implied annual nominal rate of interest payable monthly (i.e., 3'12) charged by MQ bank for this 5-year loan. Label this sheet as "Part a". a. Use Goal Seek to nd the implied annual nominal rate of interest payable monthly (i.e., 3'12) charged by MQ bank for this 5-year loan. Label this sheet as "Part a". )1 Financial Modelling Spreadsheet Project Task S2 2020 b. Jake has also been offered an option to switch his loan to a new package. Here are the details of this package. 0 Under this new package, Jake will make 60 monthly repayments at the end of each month. 0 Jake can have a one year interestonlyperiod at the beginning of the loan. Jake's repayments will be interest-only1 for the rst year (i.e., rst 12 payments will be interest-only payments), followed by payments of principal plus interest for the following 4 years. 0 During the interest-only period, the interest rate will be 3'12 = 6% which means Jake needs to repay 6% / 12 1: 200000 by the end of each month. 0 Under this new package, Jake needs to pay $4,600 by the end of each month after the interest-only period. 0 This package has an armual fee of $400. The package fee is paid by the end of January of each year during the following ve year period {from 1 January 2020 to 31 December 2024). Use Goal Seek to nd the implied annual nominal rate of interest payable monthly (i.e., 3'12) charged by MQ bank for this new loan package. Use a bar or column chart to compare the loan repayment amounts (including annual fees) of the original package and the new package over 5 years. Plot 60 monthly payments for both the original package and the new package. Should Jake switch to this package? Label this sheet as Part b. c. If Jake chooses not to renew the franchise, use the given information regarding costs and revenue to calculate Jake's effective yearly return rate (3'1) over this ve-year investment period. Label this sheet as "Part c