1.6 CASE 1 Details of four Musharaka projects are given in Table 1.1. These projects took place in the Sudan. Project 4 Internet cafe 1,000,000 One Table 1.1 Four Sudanese Musharaka projects ( Sudanese) Description Project 1 Project 2 Project 3 Projects Mobile phone shop Flower nursery Coffee shop Capital investment 29.295 200,000 1,000,000 Duration of Musharaka One week One week Four months month Bank contribution 75% 50% 50% Partners contribution 25% 50% 50% Bank's share in management 0% 0% 1.20% Partner's share in management 30% 60% 87.70% Bank's share in total profit 52.50% 20% 6.75% Partner's share in total profit 47.50% 80% 93.25% 14% 86% 5% 25% 14.80% 85.20% Required: 1. Calculate the monthly rates of return for each project for the bank and the partner. 2. Calculate the annual rates of return for each project for both parties. 1.6 CASE 1 Details of four Musharaka projects are given in Table 1.1. These projects took place in the Sudan. Project 4 Internet cafe 1,000,000 One Table 1.1 Four Sudanese Musharaka projects ( Sudanese) Description Project 1 Project 2 Project 3 Projects Mobile phone shop Flower nursery Coffee shop Capital investment 29.295 200,000 1,000,000 Duration of Musharaka One week One week Four months month Bank contribution 75% 50% 50% Partners contribution 25% 50% 50% Bank's share in management 0% 0% 1.20% Partner's share in management 30% 60% 87.70% Bank's share in total profit 52.50% 20% 6.75% Partner's share in total profit 47.50% 80% 93.25% 14% 86% 5% 25% 14.80% 85.20% Required: 1. Calculate the monthly rates of return for each project for the bank and the partner. 2. Calculate the annual rates of return for each project for both parties