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(4 marks) (b) Samuel Gumede earns 39,000 a year working for a building company as a project manager. He is considering the possibility of leaving
(4 marks) (b) Samuel Gumede earns 39,000 a year working for a building company as a project manager. He is considering the possibility of leaving the company and starting his own business. To do this, he will have to use all his 60,000 savings that are currently invested at an interest rate of 2%. He estimates that the annual profit from his own business will be 50,000. Other relevant costs in starting his own business amount to 1,750. Required: Using the information above, calculate the net relevant benefit of Samuel starting his own business. (4 marks)
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