Burtton Wheeler oil Company ltd, has taken out a lease on a property located at Cape Three Point Deep Water, and made a down payment of Ghc 5million. Additionally, the rent under the lease amounts to Ghc5million per annum. As part of the lease agreement, if the lease is cancelled, the initial payment of Ghc5million would be forfeited. Burtton Wheeler, CEO plans to use the property for oil and gas production and has estimated operations for the next 12 months to be as follows; Ghe million Revenue 115 Less: Vat 15 100 Cost of production 50 WW 12 G&G related costs Well costs m13 10 Rent including down payment Administrative (professional fees | 2 87 13 Net profit before tax No provision has been made by Burtton Wheeler oil, but it estimated that one half of the company's time would be devoted to the operations. The management is undecided whether to continue with their plans, because they know that they can sublet the property to another company Sky oil ltd, for a monthly rent of Ghc550,000 if they do not use the property themselves. Required. a.) Explain and identify the sunk costs and opportunity costs in the scenario depicted above. b.) Advise Burtton Wheeler oil company oil on the decision the company should take according to the information above