5) Western Hemisphere is developing a special Drone for recreational use. The development requires investments of S160,000 today, $200,000 in 2 years from today and $300,000 in 3.5 years from today. Net returns for the project are expected to be $80,000 semi-annually over the next 10 years. Further, there will be a one-time franchise fee earned (treat as income) of $150,000 in 6 years from today and a $100,000 salvage value (income) in 20 years. Given interest rates are assumed to by 11% compounded annually, determine the Net Present Value (NPV) of this project. (6 marks) Sa) PV of the inflows Sb) PV of the outflows 5c) The NPV of the entire project