A construction company is in the process of producing the budget for the year 2017, a) The company has identified the following financial commitments for the year 2017. Pay the fifth annual instalment of a 12 million loan taken at the beginning of 2012 to be settled in equal annual instalments within 10 years (at 9% compound interest rate) Pay Dividends of 400,000 Retain profit of 900,000 Calculate the turnover budget required in 2017 to meet the above financial commitments. Company's past performance indicates that the average duration, value and profit of individual projects executed is 24 months, 6 million and 600,000 respectively. b) The contractor won contracts of total value 40 million and 30 million in 2015 and 2016 respectively. If no more contracts are won, calculate the turnover for the year 2017 from these contracts and the total value of contracts to be won during the year 2017 for the contractor to be able to achieve the above financial needs (assume a uniform rate of value build up on any contract) c) While analysing the market, it was found that the contractor, during 2016, had a market share (value of work executed by contractor versus the total executed in the market for that year) of 10%. If demand for construction in this market is expected to increase by 15% in 2017, calculate the required market share the contractor has to achieve in order to meet the company's financial commitments. d) Based on the calculations of (c) above, comment on the company's position including the risks and what strategies the company could adopt