please answer ..no tax rate given.....only this question tq

Question 2 (25 marks) Leo Ltd has just been formed and has been financed by a 20 million issue of share capital anda E10 million issue of loan capital. The (fixed) assets with a life of five years, and during this period these assets will depreciate in a straight line method. The operating profit after tax is expected to be 15 million each year. There will be no replacement of non-current assets during the three-year period and no investment in working capital. At the end of the three years, the business will be wound up, and the non-current proceeds of the issue have been invested in non-current assets will have no residual value. The required rate of return by investors is 10 per cent. Required: a) What is the shareholder value under (a) SVA Approach (b) EVA Approach (20 Marks) b) Why is MVA not suitable as a tool for internal management purposes? 5 Marks) Question 2 (25 marks) Leo Ltd has just been formed and has been financed by a 20 million issue of share capital anda E10 million issue of loan capital. The (fixed) assets with a life of five years, and during this period these assets will depreciate in a straight line method. The operating profit after tax is expected to be 15 million each year. There will be no replacement of non-current assets during the three-year period and no investment in working capital. At the end of the three years, the business will be wound up, and the non-current proceeds of the issue have been invested in non-current assets will have no residual value. The required rate of return by investors is 10 per cent. Required: a) What is the shareholder value under (a) SVA Approach (b) EVA Approach (20 Marks) b) Why is MVA not suitable as a tool for internal management purposes? 5 Marks)