Question 1 (6 marks) Telecom Ltd is planning to save N$2 million per year for five years. Instilments/deposits are made at the end of each year. All deposits will earn interest of 12% per annum. a) Calculate the future value of this annuity if interest is compounded semi-annually. (4 marks) b) Calculate the annual effective rate. (2 marks) Question 2 (10 marks) The following financial data relates to Geo Ltd for 2020. Debt ratio 60% Average collection period 40 days Return on assets (ROA) 8% Total assets turnover 1.8X Return on equity (ROE) 20% Statement of Financial Position and Income Statement information Accounts receivable Total liabilities N$90 000 Total assets Ordinary shares (equity) Sales Net Income Required: Use the above financial data to complete the statement of financial position, sales information and net income of Geo Ltd. (10 marks)