(20 Marks) REQUIRED Use the information provided below to calculate the effective interest rate it: 1.1.1 the interest is discounted. 1.1.2 there is a 15% compensating balance requirement. INFORMATION Siya Limited plans to borrow R3 000 000 for one year. The stated interest rate is 18%. (3 marks) (3 marks) 1.2 REQUIRED Use the percentage-of-sales method to determine the increase in net working (6 marks) capital requirements of Matrix Ltd for 2019. INFORMATION The following information was extracted from the financial statements of Matrix Ltd at the financial year end 31 December 2018: Sales R 1 500 000 195 000 285 000 Inventory Debtors Creditors Cash and cash equivalents Accruals (payable) 240 000 90 000 30 000 The sales forecast of Matrix Ltd for 2019 is R1 900 000. 3 Explain the characteristics of an aggressive working capital financing policy. Use a graph to illustrate your answer. (8 marks)