22 A construction company Y is considering to participate in the tendering process for building a toll bridge The duration of the constraction project is 5 years The successful tenderer is allowed to collect toll from the bridge users after the completion of the project and subsequently will be responsible for maintaining the bridge The expected cash flow transactions from this project are as follows . Receive bank loan of RM 2.000,000 novw . Annual material expenses of RM 200,000 in year 1 and expectied to imcrease by RM 20.000 per year until year S . Annual bridge maintenance cost of RM 70,000 from year 6 until end of bridge life .Annual bank loan payment of RM 500,000 starting from the first year unil at the end of year 10 ?Progress payment received five" the goverment RM 4000000 tend of Joar 3 and RM 8,000,000 (end of year 5) . Toll revenue of RM 500,000 per year from year 6 until y ear 10 a) Construct cash flow diagram to summarize the above transactions 4 marks) b) Another company is interested in this project and is willing to buy over this project worth RM 1,500,000 now Should this offer being accepted? Show all your (8 marks) calculations to justify your decision and assume the growth rate is 12% per yer