hand written with steps please, not in table format on computer.

Last year Kant Zoo had gale receipts of E20m with merchandises sales of Erom. In order to boost Kent Zoo's finances, its management team are considering acquiring and displaying a Blue Engola (a critically endangered mammal), Grven the Blue Engola's rarity, its aesthetically pleasing appearance and ite reputation of being an aggressive man-eater, it is hoped that the investment would make the whole zoo more appealing and therefore boost visitor numbers. The Blue Engola can only normally be found in Blueland (in the wild or in captivity). However, Blueland's government have a programme which permits a single 8 ine Engola to be leased for flxed 5-year periods of time to foreign zoos for a 55m foe payable at the start of the lease. Over the 5-year lease, the relevant zoo will be respoinsible for the costs associated with the upkeep of the animal (eg feeding, bedding etc) but the animal will be replaced if it dies, provided that death is not a result of negigence on the part of the 200. Kent Zoo have enquired about obtaining a Blue Engola in the immediate future. The management realise, and have accepted that, they won't be able to display the Blue Engola in the very first year of the lease due to statutory quarantine and testing requirements. The management team, having considered the project, have identified throe possible scenarios if the project was to proceed: L. Whilst the Blue Engola is on display gate receipts will increase by 5% and merchandise sales will increase by 3%. Upkeep costs throughout will be E600k pa. ii. Whilst the Blue Engola is on display gate receipts will increase by 10 ss and merchandise sales will increase by 5%. Upkeep costs throughout will be E550k pa. iii. Whilst the Blue Engola is on display gate receipts will increase by 15% and merchandise sales will increase by 8%. Upkeep costs throughout will be 400k pa. a) Using a 10% (per annum) risk discount rate and stating any assumptions you make, determine the NPV of each scenario assuming Kent Zoo commits to the lease immediately, [6 markse]