i) Table 1: Production Sharing Contract (PSC) between International Oil Company (OIC) and National Oil Company (NOC)- Royalty and Profit-Sharing Fiscal Mechanism. Items Petroleum gross production Royalty paid to NOC Cost of recovery (CAPEX and OPEX) Special Petroleum Tax (SPT) d) Income Tax Rate e) c) Calculate net oil revenue after SPT Based on the above information given in the Table 1, answer the following questions: a) Draw a PSA Flow Chart Value (USD and %) 180,000 10% 30% b) Calculate net oil revenue after royalty and after CAPEX and OPEX 25% What is the profit for IOC and NOC? 20% [3 marks] [3 Marks] [3 marks] [3 marks] How much the economic-portion take for both IOC and NOC (in percentage) [3 marks]