Could you please answer all the parts from a through c$?$ Thank you.Problem $3-11($Algo$)$Perot Corporation is developing a new CPU chip based on a new type of technology. Its new chip, the Patay$2$ chip, will take two years to develop. However, because other chip manufacturers will be able to copy the technology, it will have a market life of two years after it is introduced. Perot expects to be able to price the chip higher in the first year, and it anticipates a significant production cost reduction after the first year. The relevant information for developing and selling the Patay$2$ is given as follows:PATAY$2$ CHIP PRODUCT ESTIMATESDevelopment cost$$27,600,000$Pilot testing$$6,900,000$Debug$$4,140,000$Ramp$-$up cost$$4,140,000$Advance marketing$$6,900,000$Marketing and support cost$$1,380,000$per yearUnit production cost year $1$$$655\mathrm{.}00$Unit production cost year $2$$$545\mathrm{.}00$Unit price year $1$$$820\mathrm{.}00$Unit price year $2$$$650\mathrm{.}00$Sales and production volume year $1288,000$Sales and production volume year $2188,000$Interest rate$10\%$Assume all cash flows occur at the end of each period. a$)$ What are the yearly cash flows and their present value $($discounted at $10$ percent$)$ of this project? What is the net present value?Note: Enter your answer in thousands of dollars. Perform all calculations using Excel. Do not round any intermediate calculations. Negative value should be indicated by a minus sign. b$)$ Perots engineers have determined that spending $$10$ million more on development will allow them to add even more advanced features. Having a more advanced chip will allow them to price the chip $$50$ higher in both years $($$$870$ for year $1$ and $$700$ for year $2).$ What is the NPV of the project if this option is implemented?Note: Enter your answer in thousands of dollars. Perform all calculations using Excel. Do not round any intermediate calculations. Negative value should be indicated by a minus sign. c$)$If sales are only $276,000$ the first year and $138,000$ the second year, what would the NPV of the project be$?$ Assume the development costs and sales price are as originally estimated.Note: Enter your answer in thousands of dollars. Perform all calculations using Excel. Do not round any intermediate calculations. Negative value should be indicated by a minus sign.