Find the above attached question and give the answer properly.

2. India Sea Lines is considering the purchase of a new ship for 12 million. The forecasted revenues are 310 million per year and operating costs are 38 million per year. A major repairing costing 34 million will be required after the 5th year and another repairing costing 5 million will be required after 10th year. After 15th years, the ship is expected to be sold for scrap at 2 million. The company's overall cost of capital is 8% Is it a worthy investment? Evaluate the investment project using NPV. Addl. Information: 1/ (1+r) 15 = 0.315; (1+r) 5 = 1.47; (1+r) 10 = 2.16; (1+r) 15 = 3.172 where r = 8%