(a) Company A offers your company a project relating to the development of a new machine. The project will cover a period of two years. Based on the work packages, the development cost structure has been established, as shown in Table Q4. 50% of the personnel expenses and external services arise in the project's first year and second year. 70% of the cost of material is payable in the second project year, the rest in the first year, 50% of the external services arise in the first and second project year, The equipment will be bought and paid for in the first project year, and half of the remaining costs arise in the first year, the second half is in the second year Table Q4: Project Cost Amount (RM) Personnel Expenses 940,000 Material 240.000 External Services 74,000 124,000 Equipment Other costs 24,000 (i) Prepare a financial plan based on the given criteria. Calculate how much money is required for the project in the first year. [6 marks] Prepare a financial plan based on the given criteria. Calculate how much money is required for the project in the second year. (b) [7 marks] If the interest rate is 10%, verify the best options of payment offered by Company A:- Option 1: RM 2.2 million at the end of the contract (year 2) Option 2: RM 1 million at the end of the year for the first and second years. [12 marks] [25 MARKS]