Question 3 An auto maker planning to start a new venture in Oman. The costs incurred for the project would be an approximate total of $15,000 salaries for each of the project management team, $120,000 material costs, $4,000 costs incurred in maintenance. Rents paid by additional house occupants are expected to increase benefits by $50,000 annually. Using an estimated useful life of 20 years 9% cost of capital. Evaluate project's viability using net present value of the project. (10 Marks)