2. The production and CAPEX spent for Sepat Oil Field development are shown in TABLE Q1a. The company projected that the OPEX will be constantly at USD 20 MM per year starting when the first production occur. The capital allowance is to be claimed in full amount in the last production year. Compute the before tax net cash flow (BTNCF) and the after tax net cash flow (ATNCF). TABLE Q1b shows the assumptions that the company use for the cashflow analysis. Note: Show clearly all the steps taken in your cash analysis. TABLE Q1a: Production and CAPEX Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 40 50 60 50 50 40 30 20 10 Annual Production (Mbopd) 320 CAPEX (USD MM) TABLE Q1b: Economic assumptions Depreciation rate, starts at first production 28% Capital allowance method Declining balance Tax rate 40% Oil price USD 20/bbl A year 365 days 2. The production and CAPEX spent for Sepat Oil Field development are shown in TABLE Q1a. The company projected that the OPEX will be constantly at USD 20 MM per year starting when the first production occur. The capital allowance is to be claimed in full amount in the last production year. Compute the before tax net cash flow (BTNCF) and the after tax net cash flow (ATNCF). TABLE Q1b shows the assumptions that the company use for the cashflow analysis. Note: Show clearly all the steps taken in your cash analysis. TABLE Q1a: Production and CAPEX Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 40 50 60 50 50 40 30 20 10 Annual Production (Mbopd) 320 CAPEX (USD MM) TABLE Q1b: Economic assumptions Depreciation rate, starts at first production 28% Capital allowance method Declining balance Tax rate 40% Oil price USD 20/bbl A year 365 days