b$)$ Chamberlane Inc is a U$.$K$.$ based multinalional corporation which is considering the establishment of a two$-$year project in Australia with a GBP $35$ million initial investment. The firm's cost of capital is $13\%.$ The project is expected to generate cash flows of AU$IO million in Year I and AUS$-35$ million in Year $2$ and is expected to have a salvage value of AUS $15$ million. Assuming no taxes, and exchange rate of GBP $0\mathrm{.}60$ per AUS in year I and thereafter remains stable at GBP$0\mathrm{.}62$ per AUS. Calculate the Net Present Value $($NPV$)$ or the project in British Pounds $[10$ marks$]$