QUESTION 5 (20 MARKS) Note: Where applicable, use the present value tables provided in APPENDICES 1 and 2 that appear after QUESTION 5. REQUIRED Use the information provided below to answer the following questions: 5.1 Calculate the Payback Period of Machine A (expressed in years, months and days.) (3 marks) 5.2 Calculate the Accounting Rate of Return on average investment of Machine A (expressed to two decimal places). ( 4 marks) 5.3 Calculate the Net Present Value (NPV) of both machines. (6 marks) 5.4 Based on the Net Present Value, which machine should Aspen Limited purchase? Why? (1 mark) 5.5 Calculate the Internal Rate of Return (IRR) of Machine B (expressed to two decimal places). Your answer must include two net present value calculations (using consecutive rates/percentages) and interpolation. (6 marks) INFORMATION Aspen Limited intends purchasing a new machine and has the option of purchasing Machine A or Machine B. The following details apply. Ignore taxes. END OF PAPER 2.1 REQUIRED Use the information given below to prepare the Income Statement of Costa Enterprises for the year ended 31 December 2022 using the absorption costing method. (10 marks) INFORMATION Costa Enterprises commenced operations on 02 January 2022, and produces a single product that sells for R72 per unit. During 2022, 300000 units of the product were manufactured of which 240000 units were sold. There was no work-in-process inventory at the end of the year. Manufacturing costs and marketing and administrative costs for 2022 were as follows