PART B This part is compulsory. (Total Marks for PART B - 45 Marks) Question 2 (10 Marks) 2. The below financial statements are from Space-Z PLC. The finance manager has predicted a 15% growth in sales/ expenses and predicted that all balance sheet items will increase by 15%. Calculate and identify the plug variable after reconciling the Pro-forma statements. (6 Marks) 1. Space-W is a sister company of Space-Z and it's an all- equity firm. The company is currently evaluating investment projects and in a recent meeting with Space-Z management, they have presented the below projects: Spice 11 S21 S-2 Es Puma 12 The expected market risk premium is 4% and the government bond rate is 8%. Which project should be accepted? (4 Marks) Question 3 DIY