Intelekz Corporation plans to start a new project in Indonesia to enlarge its market share. The total cost of the new project is RM17 million. It is estimated that the after- tax cash inflows is RM1.8 million per year perpetually. The firm has a debt to equity ratio of 50 percent. The firm's cost of equity is 8.5 percent and cost of debt is 6.5 percent. The underwriting fee of equity and debt is estimated at 5.5 percent and 3 percent, respectively. The corporate tax is 30 percent. Calculate: i) NPV of the project, if floatation cost are to be ignored. (4 marks) ii) NPV of the project, if floatation costs are to be considered. (6 marks)