Question 3: State Grid Corporation of China (Big bay area) plans to conduct a new investment project (building a new the renewable facility) in Hong Kong. This renewable power plant is supposed to be finished in 1 years. The fixed investment fee (in year 0) is 500 million HKD year. Once this investment project finished, this new facility can create 150 million HKD yearly income with 50 million yearly cost. This New facility is targeted at using at least 10 years, and the discount rate is assumed to be 5 per cent. a) Please providing a table to list its benefits, costs, revenue in each year. year benefits costs revenue 0 0 500 -500 150 50 100 2 150 50 100 3 150 50 100 4 150 50 100 b) Calculate the NPV value of total revenue (net benefit). c) If policy makers deeply understand the profits of this investment project cannot cover the investment cost, does it remain the possibility for them to approve this investment? If so, could you explain the reason for their final decision