According to the principles of shareholder value analysis, the value of a business is driven by the following value drivers. Discuss how each driver affects the value of a business and the wealth of shareholders. Support your discussion with appropriate examples (minimum 500 words).

(Total: 20 Marks)

1. Sales growth rate

2. Operating profit margin

3. Corporation tax rate

4. Investment in non-current assets

5. Investment in working capital

6. Cost of capital

7. Life of projected cash flows