Calculate the operating cycle and cash cycle. Provide your final answers only 3.2.1 Operating Cycle [3] 3.2.2 Cash Cycle [3] 3.3 Project FishFORCE has the following details: [4] Cost of the project: R 20 000 000 Selling Price: R 160 per unit Variable cost: R 95 per unit Fixed costs: R 2 000 000 per annum Assume no taxation Calculate the: Provide your final answers only 3.3.1 break-even point in rands and 3.3.2 break-even point in volume (units) for Project FishFORCE? 3.4 You have been appointed as the Financial Manager of Teslo (Pty) Ltd. You need to evaluate the following two mutually exclusive projects with the following cash flows: Year Project A (CFs in Rands) Project B (CFs in Rands) 0 - 60 000 - 60 000 1 17 000 25 000 2 23 000 28 000 3 17 500 5 000 4 10 000 11 000 The discount rate for these two projects is 15%. 3 Provide your final answers only [2] 3.4.1 Net Present Value (NPV) of Project A, and 3.4.2 Net Present Value of Project B