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 $10\%.$ Required: a$)$ Determine whether the following items are relevant or irrelevant cash flows. If the item is identified as relevant, please state the exact yearly amount, otherwise insert the amount as zero. Description Relevant $($R$)$ or Irrelevant $($IR$)$ Amount $($RM$)$ p$.$a$.($i$)$ Consultation fee $($ii$)$ upgrading of computer operating system $($iii$)$ Installation cost $($iv$)$ Training cost $($v$)$ Cost savings $($vi$)$ Revenue at the end of year $1($vii$)$ Revenue at the end of year $2($viii$)$ Revenue at the end of year $3($ix$)$ Revenue at the end of year $4($x$)$ Revenue at the end of year $5($xi$)$ Maintenance cost $($xii$)$ Depreciation b$)$ Compute the Net Present Value based on your answer in part $($a$).$ c$)$ Based on your answer in part $($b$),$ briefly explain whether CT should adopt the new automation system.