The following information rated to Serwa Oil and Belinda Oil. Both companies operating in the same industry. The oil and gas law provided for a tax rate of 35%. Required: a) Calculate the net income for both companies, b) Calculate the Net Operating profit after tax (NOPAT) for both companies. c) Assuming the required return on equity for Serwa Oil is 5% and cost of debt of Belinda Oil is 10%, assuming capital invested in Serwa Oil is Ghe50million and Belinda oil is Ghel50million calculate the weighted average cost of equity for both companies. d) Calculate the Economic Value Added for both companies. e) Which of the two companies is generating a healthy economic value on the funds invested