You have recently joined a software development team at a reputable engineering firm. The company has a well-established code of ethics and code of conduct that all employees are expected to adhere to. During a team meeting, you overhear a colleague, Sarah, discussing plans to use company resources to develop a personal project during work hours. Sarah is confident that she can complete the project without anyone noticing. Discuss the ethical implications of Sarah's actions in the context of the company's code of ethics and code of conduct. What steps would you take to address this situation while considering your responsibilities as an employee within the engineering firm?