Utilize Annual Worth Method 3. A man formerly employed as a chief mechanic of an automobile repair shop has saved 3,000,000 deposited into a bank security bond which earns him 10% per year. He is thinking of quitting his 30,000 per month paying job to start his own business. He will hire 2 mechanics (600/day) and 8 helpers (300/day) which will be working around 300 days per year. He will be leasing a 40,000 per month area for 5 years, and the other mscs, costs involved are projected to reach 30,000 per month. A. Projecting an average of servicing at least 100 cars per month will this option be justifiable? Consider the average revenue per car serviced is at 2,000. B.) How many cars per yearshould he service to gain an further 10% profit on the money he invested?) how about 20% increase from the capital? Utilize annual worth method A man formerly employed as a chief mechhanic of an automobile repairs has saved 3,000,000 deposited into a bank security bond which earns him 10% per year. He is thinking of quitting his 30,000 per month paying job to start his own business. He will hire 2 mechanics (600/day) and 8 helpers (200/day) which will be working 300 days per year. He will be leading a 40,000 per month area for 5 years, and the miscellaneous cost involved are projected to reach 30,000 per month. A) Projecting an average of servicing 300 cars per month will this option justified? Consider the revenue per car serviced is 2000. B) How many cars per year should he serviced to gain further an 10% profit on the money he invested? C) how about 20% increase of the capital invested