Question: 3.1. Study the information provided below and answer the following questions. INFORMATION As a management accountant with considerable expertise in strategic investment appraisal, you have

3.1. Study the information provided below and answer the following questions. INFORMATION As a management accountant with considerable expertise in strategic investment appraisal, you have been hired as a capital investment consultant by Apex Limited, a large manufacturing company, that is currently considering an investment project with the following net after-tax cash flows: Year from Now After-tax Cash flow (in millions of Rands) 0 (500) 1 - 9 120 10 300 The expected return on similar projects in the manufacturing sector is 15%. Ignore all tax considerations. Required: 3.1.1. Determine the net present value of the project. (4 marks) 3.1.2. Determine the internal rate of return (IRR) of the project. (4 marks) 3.2. Using the informatio

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