a Aarts Quut- yp. 2 gion (Lax dividend, paid on Drtel shate) qo (a) Ex preted cliviclond in Re net Wee rake D> Dol 144) = Joo (1+ 0-04) = ~lo4 = lou (! + 0-04) = |08.14 Bed Vr ee ‘a S = 108.16 04) 2 Nas Bs 7 PL 4g) foo 104 108-16 M19. epee he os (by Be tary, Glutele Po ou Ihe Intel toeK, Poms) = Di = Bel vg) Be os loo ( 1+0.04) = lou = $ 1300 Ol — 0-04 0-08 mee the pulce al whieh intel stack wilt be doth $1Z00- co) Expeetea pice thaee tyearr fume now ha compulod 42 — Gheatate BY 5 WEB 149) = ta-4a(1+0-04) 2 oe a Doar — Chalets if 5 Wy = \W6.9846 = \\6- 9896 ma O12-0-04 0:08 & =$ 1469.34 __ Sheet O fctia 1 puck ee Gf Oe Hock _ Mia year fram now fs fl 4332h @ Hotding We JBce on te Mase pariode . dhe payraents rat A wil be tucdived ttt -te ane D= Joy, Dy 2 lol » Dg > UA49 , Baye and he sale peice ot He oe qn mrich Ue Py = IU6R34- ts ool Dk vabhy cao, 1 00 I Voy HOB 11 Yat 1 6963% Now, hunt value 9 abt pourtonts 4 Couputid ae ¢ P= Di BD, 4 Beals WH Cem 0-F qld. + lO 4 Naud MeaBs (I+ 01 (l+0-1ay (1-0. 1a)8 = 18-86 + 86-82 + I5S44-8l V4oh9 = J 1500-08 ShereJoree the fucant Value tre Tork ha Hiler, ’ b in pout (b) ee tu print Value 4 eouspub “" f } Zi300-Quad Dex $10 (Last dividant pail on LBC shane) atid aioe teal ; i gue = 8°) | Louskant guowlh mali ; Ss “WSeenasio | Pudbasi lly ii abun But | os ala] _ Boom {oF | 38 | (0) Finck, we Compute Ine dividends ove, tt id os pusiod t. sree ie a (144) = lo( 1+ 0-08) = love al by (tag) = (+628) 1. 664 Dy so De! (149) = ile Ge [Lo 98) = 10-544] Now, cable, Dy KH and f = 8, (1+) > 13.591( 1+ 0-05) Perse cy Be Nee nee aor 2 (05) (-14) + ©5)[82) = lay - f= ae Saal Sec Gime 188.9553 ar O19 - 0:05 Now, Combute the fundanental Mauket pulee RBo SG ao? Po = PL + Pao +t B+, ( (eee (iy as 11664 pats ie oe hee he Bi a oy, D,+P.= tod ae tte Maa ete (ola Uto-lay (Cronays a quynele Taeet T asteat! = \6a-4055 1 dau ntal mankee fees RBc hs 163.4053 hu fou, Ou (e ( {b) the dividlend vieke is coleulabed 02% TDividlent Yi % D = 10:8 = 0.0665 oF Po «WkaYOSS = 6.65 4/ Querd. Notoise (NW) Existing teint Wok + $5Y,000, . sunt “tadalt «F (jose |. Bue 4f32,000 + 3 yss wable ae + Byus Ut a ob nations : tudation— YXéasert Une e nuetiottion’ — iat Line Se Mere } ih ve caimauy pooh ANwe =f 6,000 SP & $19,000 See ea 2 £44000 Salina Volus =f 12,685 Aor wale =U"), Deputdalion = C9000 — Nope Depuutation = 32000712635 g = 5555.33533 = 24a). 845 = 54,000 + §,000 = 60,000 eee Pfs aes: = 19104° 375 (2) By (book valid) of tA (existing) Moist lk Compulia, a2 6 bv = Tnctalled tort — atcumulolid Lop uveiation = 38,000 —1381097-345 =$19890. 685o3 Sinee, \e> BV? SP. p We Obie in Cone , Thitial face Dhuw The dium | Js velltgg Ads wes hoiut %apoo Qua trad ite book () Value | + hy hte 48 No wecap tuned lp ut akon coluleae F F gado. 605 on tie hoist. nee i Me Hoieksn 4 Shes fost, Core on pole ‘ a losCu % Sttbing butee — book value 19,000 = 19,000 - 19890-6a5 =— 390.695 Yas, the amount pf ~Aax on the Loyer Will be saved ti fimm- Taxon 840.685 > 356-85 * ghia “UL UR, amount mae be been ee on tares but. As ronsilemtol ag aqne ed Oy = Sebti futee + hacer (get = 19009 + 356-85 ‘ited 95 [J ANetwo ting Capita = $ 6000 = 60000 — 19356-25 + § 000 = +{c] (are =P4O6UR AS Titled Lwetment = & 6643.45 (b) “Changer ‘ia opel cork {Lou one tolsslated ag ¢ 25 Yeah 1 YeakeS { Aw - No siet ee bepress o00 10,000 2,000 — Dep loess 2) i, 24-45 ee sl Old Hoi Neat S855 | 08.55 9088.55 2 5535-3553— |= tox (Hoh) 2035-92 | 2855-42 | 3635-42 4a! -B45 NPAT 3055-13 4253-13 | 5453-13 = 2914s AD 24-4 2411.45 2911-45 inoce 5964.58 | lu.Se | 8564.58Sausé AUNSE —-834Y.58 ? hod Aock, Aote, — t i ° L 2 3 (© Teuminol Cath Teh = Of ot eesti tae + Addn Sale Velug -- A ian NWO = 8364.58 + (Woo [96a5) + boo > 8364-584 313745 + 6000 Senne saty.5g 4164-58 15934.5¢ 45439. 5 ath) od eee ! 2 3 We phe, oe ie COA 4 — d RON ty Cquida qe id a ; Ros : loo be 2 lo, ie (ey) €=lo'}. » n= S yeas E a + C= Blo (101). x1o00) d Kp- C + FoNe = 12 + 0-104 mn” \oo Fa - ore 04864 ol = loo + O00 ko° 5 loot 800 | z = 01655 or 15-55"), > ke(I-Te) 2 16-55[ 10-49) = 4.33] Now, Wh > 50’ > 0:50 and Wes NACC = Wak + We Ke = (0-59(9.33) + @-50) (264) = 4.665 + 1b 2 14-8 = So!) > 0-507 Gj NOV = —Th + och: + Ochs 4 och 7 TF “(Cr wonecy (Henny — (Cruaccy 4 ecusts 4 SHYSe —- Aisa 4 4S434-59. (U4 eras) (+0138) a3)" UtoueF la2F = 46 643.45 + 5063.3( + 58-98 + 24980.55 = — 84369) pe hk the Snvukment is negative, ie NPVZ 0, Phould bo x fetid oy we Gn Wray se TRR (Trtewnal alt 0h p fee Wnuth be how Dar Ime i oe. Capital, ey IRRZ Wace.