Aspen Marvin Plc, a UK-based car manufacturer, is considering adding a new model of high- performance petrol cars to its current production line. The success of the new car line depends on the government legislation to ban all petrol and diesel cars in the UK by 2025. The legislation will be considered in the parliament a year from now, and the analysts estimate that the probability of the ban becoming a law next year is 100% if the Green Party wins the General Election which is scheduled for the next month, and 40% if any other party wins the election. The probability of Green Party winning the election is 30%. If the ban is not imposed, the revenues from the project are estimated to be 10 million a year for each of 15 years, starting a year from now. On the other hand, if the ban is imposed, the revenues are expected to be 1 million a year for 15 years starting a year from now. The risk- free rate is 3 percent per annum and the initial cost of the project is 50 million. Required a) Calculate the Net Present Value (NPV) of the project (10 marks) If the ban is not imposed, the revenues from the project are estimated to be 10 million a year for each of 15 years, starting a year from now. On the other hand, if the ban is imposed, the revenues are expected to be 1 million a year for 15 years starting a year from now. The risk- free rate is 3 percent per annum and the initial cost of the project is 50 million. Required a) Calculate the Net Present Value (NPV) of the project (10 marks)