2. Reneta group is evaluating a new automatic surveillance system to replace their current security system in Savar. You are currently working as Finance manager in the Group, and Reneta has asked you to conduct a sensitivity analysis. Currently, Reneta group is renting a premise of 50,000 Square feet in Savar, and Reneta Fabrics is planning to rent another 10,000 square feet from 2023. The new automatic surveillance system will cost $450,000. The cost will be depreciated straight- line to zero over the system's four-year expected life. Reneta Group expects to have a total output of 50,000 units of cloths at USD 3 per cloth from Reneta Fabrics. Reneta thinks that the new automatic surveillance system will increase EBIT by $125,000 per year. The system is expected to be worth $250,000 at the end of four years. The tax rate is 34 percent . Calculate the NPV of this project if the discount rate is 17%. Conduct sensitivity analysis with a discount rate of 12%. Show detailed calculation. 5 Designated place for pasting the picture