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3.3 REQUIRED Calculate the terminal cash flow from the information provided below. (5 marks) INFORMATION Leo Ltd expects to sell equipment at the end of

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3.3 REQUIRED Calculate the terminal cash flow from the information provided below. (5 marks) INFORMATION Leo Ltd expects to sell equipment at the end of its useful life for R24 000. The equipment is expected to have a carrying/book value of RO. The removal and clean-up costs are estimated at R8 000. Net working capital worth R800 000 will be recovered. The company is subject to a 30% tax rate 3.4 Explain the steps that are usually followed in the capital budgeting process

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