(a) Mr Craig has obtained a patent on a new device that lures insects and electrocutes them once they touch a grid inside the device. He is at the stage of manufacturing the first units and marketing the device and has asked you to advise him whether he should operate as a sole trader, within a partnership, a private company or public company. How would your advice change as the entity grows over time? [12 marks] (b) At the birth of his daughter, Mr. Lucas Zulu invested K10,000 at 6% p.a. compounded annually. What amount would accrue to her if she left the money invested until she attained the age of: (i) 18 years; (ii) 21 years; (iii) 40 years; and (iv) 60 years? [2 marks] [2 marks] [2 marks] [2 marks]