Answer all questions

i) Table 1: Production Sharing Contract (PSC) between International Oil Company (OIC) and National Oil Company (NOC)- Royalty and Profit-Sharing Fiscal Mechanism. Items Value (USD and %) Petroleum gross production 180,000 Royalty paid to NOC 10% Cost of recovery (CAPEX and OPEX) 30% Special Petroleum Tax (SPT) 25% Income Tax Rate 20% Based on the above information given in the Table 1, answer the following questions: a) Draw a PSA Flow Chart [3 Marks] b) Calculate net oil revenue after royalty and after CAPEX and OPEX (3 Marks] c) Calculate net oil revenue after SPT [3 Marks] d) What is the profit for IOC and NOC? [3 Marks] e) How much the economic-portion take for both IOC and NOC (in percentage) [3 Marks]