please use the tables to answer

(b) How much would they be willing to pay today if they want to earn ji2=9.6% on their money? [7 marks, 4 marks for Step 1, 3 marks for Step 2] BIE PIYCY N WY PV PMT FV I/Y PV FV PMT N B/E P/Y CHY ANSWER:_2 2. Your company is looking at building a hydroelectric dam. The dam will provide income of $2,000,000 per month indefinitely which you should take to mean 'forever.' Since you have to build the dam before seeing any revenue, the first payment will be in exactly 8 years. (a) Draw the time diagram [2 marks] (b) How much would they be willing to pay today if they want to earn ji2=9.6% on their money? [7 marks, 4 marks for Step 1, 3 marks for Step 2] BIE PIYCY N WY PV PMT FV I/Y PV FV PMT N B/E P/Y CHY ANSWER:_2 2. Your company is looking at building a hydroelectric dam. The dam will provide income of $2,000,000 per month indefinitely which you should take to mean 'forever.' Since you have to build the dam before seeing any revenue, the first payment will be in exactly 8 years. (a) Draw the time diagram [2 marks]