IBS has been involved in organizing workshops and training for about 30 years. Although the COVID19 situation, IBS decided continue holding a weekly basis training given that the number of participants could be affected. Thus, IBS has conducted a market research which showed two scenarios shown in the table below Scenarios Probability of scenario Average number of person in 1 course Optimistic scenario 5596 18 Pessimistic scenario 45% IBS would like to test its expectations in a training project that lasts for 6 month, so prior to the first training the following initial investments should be made - Simulation games 3000 Licensed methodology: 1500 Equipment (accessories, boards, projector) 2500 Additional information: - Workshop leaders salary: 350 per occasion (over 15 participants 2 leaders are needed) Monthly advertisement expense: 1000 - Workshop material costs (paid by the IBS): 30 per person Rent fee: 280 per occasion per room (over 15 participants 2 rooms are needed) - Administrative cost of workshops: 4050 per quarter - Workshop fee paid by participants: 200 per person Maximum number of participants in a training 20 people Four trainings are organized in each month. Required: a) Calculate the expected monthly profit related to IBS workshops. b) What is the NPV of the project if APR is 6%? Is it worth pursuing the project