Muno plc is a Zimbabwean manufacturing company who are considering expansion into the UK$.$ They have been looking at a possible factory site in the Midlands area in England. Due to the unstable political situation in the UK$,$ they expect to sell the factory they buy after $5$ years. The factory and machinery will be bought outright for $800,000.$ The factory building is worth $200,000$ and machinery makes up the balance of the purchase price. The factory building will not fall in value during the project and the full amount will be recovered on sale. The machinery has a residual value of $27,000$The annual cash flows are as follows: $-$Sales revenue $195,000,$ increasing by $8\mathrm{.}5\%$ each yearRunning costs $8500,$ increasing by $6\mathrm{.}5\%$ each year.Other expenses include $650$ per month for variable overheads. This value will increase by $2\%$ every year. The company has a current cost of capital of $10\%.$Muno use a template for their calculations and this can be found on the link below;Capital Budgeting Template $($click to download$)$a$)$ Calculate the NPV $($Net Present Value$)$ of the new machine. Please enter your answer with no $$ sign and no decimals. If the number is a negative value, include the minus sign e$.$g$.-100000$Do not round the discount factors, use $3$ decimal pointsMake use of the template provided above and do not round off your calculations until the final answer. Year $0$ Year $1$ Year $2$ Year $3$ Year $4$ Year $5$ Sales Answer $1$ Answer $9$ Answer $17$ Answer $25$ Answer $33$ Answer $41$ Investment Answer $2$ Answer $10$ Answer $18$ Answer $26$ Answer $34$ Answer $42$ Residual Value Answer $3$ Answer $11$ Answer $19$ Answer $27$ Answer $35$ Answer $43$ Running Costs Answer $4$ Answer $12$ Answer $20$ Answer $28$ Answer $36$ Answer $44$ Other Expenses Answer $5$ Answer $13$ Answer $21$ Answer $29$ Answer $37$ Answer $45$ Net Cashflows Answer $6$ Answer $14$ Answer $22$ Answer $30$ Answer $38$ Answer $46$ Discount Factor $(3$ dp$)$ Answer $7$ Answer $15$ Answer $23$ Answer $31$ Answer $39$ Answer $47$ Present Value Answer $8$ Answer $16$ Answer $24$ Answer $32$ Answer $40$ Answer $48$ Net Present Value Answer $49$ Decision Answer $50$ b$)$ Calculate the payback period for the new machine.Answer $51$ Years Answer $52$ months