QUESTION 4 (20 Marks) 4.2 REQUIRED Use the information given below to calculate the cost (as a percentage, expressed to two decimal places) to Samke Retailers of not accepting the cash discount. (Assume a 360-day year.) (4 marks) INFORMATION Brics Wholesalers offers Samke Retailers credit terms of 30 days but allows a discount of 2.5% if the account is settled in full within 12 days. 4.3 REQUIRED Use the information provided below to calculate the cost (as a percentage, expressed to two decimal places) of ordinary share financing, preference share financing and the loan. (8 marks) INFORMATION Gypsey Limited intends investing in a project and is considering using the following three sources of finance: Ordinary shares The market price of an ordinary share of Gypsey Limited is R20 and the total ordinary share capital is R1 000000 . The shares were initially sold for R16 each. The dividend per share at the end of the previous year was R3. The expected growth rate in dividends is 10%. The dividend growth model is used to estimate the cost of the ordinary shares. Preference shares Gypsey Limited intends issuing 1200015% preference shares at R21 per share. The cost of issuing the shares is estimated at R1 each. Long-term loan Gypsey Limited intends obtaining a long-term loan. The loan of R1300000 is expected to be obtained at an interest rate of 15%. The marginal tax rate of Gypsey Limited is 28%