Axim limited is an international oil and gas company. The management decided to purchase sub-sea equipment which cost Ghe 60 billion and would save Ghc 24 billion per annum at current labour rates. The equipment is expected to have a 3-year life and nil scrap value. Axim Limited's cost of capital is 10%. Required: Calculate the project's NPV, a) With no inflation, b) With general inflation of 15% where labour rates are expected to follow (i.e. Synchronized inflation), c) With general inflation of 15% and labour rising at 20% p.a (i.e. differential inflation).