3. Synergy Incorporated, a US based Multinational Company (MNC) manufacturing electrical appliances. The company currently having problem of increasing in labor cost and therefore it affects the company's has profit. The company has decided to reduce the cost. The Board of Directors is considering building a plant in South East Asia, Singapore and Indonesia are countries under consideration. Below are the estimatedcash flow and exchange rate for both countries. Year 2017 2018 2019 2020 2021 Singapore Indonesia Forecasted Forecasted Cash Flow Cash Flow Exchange Exchange (SGD) (IND) (USD/SGD) (USD/IDR) (300,000) SGD4.4852 (5,200,000) IDR49.582 65,000 SGD4.0614 1,500,000 IDR49.9648 52,000 SGD4.1323 1,600,000 IDR52.4211 60,000 SGD4.0905 1,800,000 IDR50.6107 75,000 SGD4.4028 2,500,000 IDR51.3034 Based on the information, compute the potential investment's net present value (NPV) for Singapore and Indonesia if the company has weighted cost of capital of 10 and 12 percent. Suggest which location should be choosing by Synergy Incorporated and justify. (15 marks)