QUESTION $1$

$(30$ Marks$)$

$1\mathrm{.}1$ Discuss the Financial objectives that a manager need to achieve, when taking three key decisions. $(10)$

$1\mathrm{.}2$ Name the five components that a full set of financial statement must comprise of$.$

$(10)$

$1\mathrm{.}3$ Name and explain the concepts of value of money is based on three fundamentals.

QUESTION $2$

$(20$ Marks$)$

$2.$ An obligation of $R100000$ falls due in $3$ years at a nominal rate of $12\%$ per annum. Calculate the $(20)$ present value if interest is compounded.

$2\mathrm{.}1$ Half Yearly $(5$ marks$)$

$2\mathrm{.}2$ Quarterly $(5$ marks$)$

$2\mathrm{.}3$ Monthly $(5$ marks$)$

$2\mathrm{.}4$ Daily $(5$ marks$)$

QUESTION $3$

$(50$ Marks$)$

Kingdom Limited is intending investing in three independent projects, one in Swaziland, Gauteng Province and another in Limpopo Province. These projects will require that the company pays for training and establishment fees of R$50000,$ R$20000$ and R$30000$ respectively. Your department has asked you to evaluate these three projects and write a report to the Board of Directors on which one is the most viable. The following information has been supplied to you to use.

The firm has a $12\%$ cost of capital. You are required to use the following discounting cash flow techniques for these projects.