1.1. Differentiate between Accounting profit and the economic profit. Accounting profit is always more than economic profit, Justify. Support your question with real time example. (2+1=3 marks) 1.2 During the COVID19-pandemic, profitability is affected by many forces. Examine the five forces of Industry Profitability. Support your answer with example. (2 marks) 1.2. Managers can use present value analysis to properly account for the timing of receipts and expenditures. Read the following information carefully and answer the questions. Suppose in a situation you are placed as Managerial Accounting office in a fast growing LLC in Dubai. The following information is provided to him. A project that returns the following income stream: Year 1, $15000; Year 2, $55,000; and Year 3, S170,000. At an annual interest rate of 4 percent. You are asked to find out the present value of this income stream. ( 5 marks)