CT is planning to adopt a new automation system developed by TN$.$ Before making the final decision, TN has offered a trial run of the system for $6$ months. If the trial run is unsuccessful, nothing will be charged on CT$.$ However, if the trial run is successful, TN will charge a consultation fee of RM$300,000.$ Before the trial run, CT need to upgrade all its computer operating system to the latest version at its own cost, which is estimated to be RM$200,000.$ The upgrading of CT$$s current computer operating system is deemed necessary irrespective of CT$$s decision to adopt TN$$s automation system.

Once the trial run is successful, the new automation system can be installed and run on$-$live within the next $6($six$)$ months. The cost of installation is RM$500,000$ and a one$-$time training cost of RM$50,000$ will be spent. By end of the first year, CT is expected to enjoy the following benefits:

$$ An annual cost savings of RM$150,000$ for $5$ years.

$$ Revenue is estimated to increase by RM$300,000$ for the first year and followed by a growth rate of $10\%$ for the next two years and $4\%$ for the remaining years. The total revenue for the last $12$ months is RM$6,000,000.$

However, the automation system may require a yearly maintenance cost of RM$75,000$ and yearly depreciation of RM$100,000.$ Expected life span for the automation system is $5$ years. Ignore taxation and the cost of capital is $10\%.$

Based on your answer in part $($b$),$ briefly explain whether CT should adopt the new automation system.