A US Biotech firm plans to expand its operation in Singapore through the acquisition of a new laboratory machine which is expected to add value in the company in this COVID-19 era and beyond. This new machine costs 1.5 MILION SINS with an estimated economic life of 5 years At the end of project life, this machine will have expected to have a salvage value of 400,000 Singapore dollar. The new machine will be fully depreciated on straightline. The company expects a sales of $1.00 million and expected increase 10% a year. The operating cost is expected to be 40% of total sales over the next 5 years. The marginal tax rate for the company in Singapore is 30%. The expected exchange rate for the next 5 years is given below. Assume that the company will not be required to pay tax in US as the tax has been paid in Singapore. a. Prepare cash flow statement/s and compute the NPV of the proposed project. Comment on the feasibility of the project. B. Perform a sensitivity analysis on NPV of the project on the following scenarios: (i) What will happen to NPV if the Sales increase by 10 a year while operating cost increase by only 8% per year. ii. if Singapore dollar appreciate against USD what will happen to the project NPV