SONY is considering to set up a plant in the city of Shenzhed to produce its 5 mart LFD TV in China. You are given the followirg facts about the investmene Initial investment 10 - CNY700,000,000; ripes by 5% each year Price per unit P1 - CNY 11.000 per TV or P1 - CNY5,000 per TV with equal prabahility and remains unchanged thereafter Cost per unit C1 - CNY 5,000 and remains unchanged thereatter Production 80,000 units of TV per year forever Discount fate I=20% Suppose this investment is one of five plants with identical characteristics that could be built in China, The outcome from your initial investment will provide information about the price of TV that SONY can charge from Chinese customers a) Please calculate the net present value (at t-0) of investing today in all the five plants as if it were a now-or-never altemative, (3 Marks) b) Please calculate the net present value (at t0) of irvesting in one plant today and then waiting one year before making a decision on the other four ptants. (8 Markst c) Calculate the opporturity cost of investing in all frue plants today. (2 Marks)