You are submitting a proposal to a prospective new client for the provision of haulage for the next five years. It has been agreed that fuel costs for the duration of the project can be calculated using the predicted price of fuel in five years. The current cost of fuel is $1\mathrm{.}12$ per liter. What price will you use for the contract if annual inflation is projected to be:

a$)3\%?$

b$)5\%?$

c$)8\%?$