Calculate its internal rate of return, net present value and discounted payback period (using your

estimate of its current weighted average cost of capital

Financial data Earnings and dividend per share 2020 Year end 30th September Earnings per share (p) Dividend per share (p) 2016 107.6 74.0 2017 118.4 77.7 Actual 2018 130.2 81.6 2019 143.2 85.7 Forecast 2021 2022 173.3 190.6 94.5 99.2 157.5 90.0 Equity capital (shares) 10 Number in issue (m) Market price (p) 3710 cum the final dividend of 60 Debt capital (bonds) Book value in issue (Em) Market price ( per 100 nominal) Coupon (paid semi-annually) Years to redemption Months since last semi-annual interest payment 50 132.00 6.5% 15 0 The company has not issued or redeemed any equity or bonds in the past 5 years Other data Prospective price earnings ratio of FTSE All-Share index Prospective dividend yield of FTSE All-Share index 16.5 4.5% UK corporate tax rate 20% Average financial gearing of competitors 15% Financial data Earnings and dividend per share 2020 Year end 30th September Earnings per share (p) Dividend per share (p) 2016 107.6 74.0 2017 118.4 77.7 Actual 2018 130.2 81.6 2019 143.2 85.7 Forecast 2021 2022 173.3 190.6 94.5 99.2 157.5 90.0 Equity capital (shares) 10 Number in issue (m) Market price (p) 3710 cum the final dividend of 60 Debt capital (bonds) Book value in issue (Em) Market price ( per 100 nominal) Coupon (paid semi-annually) Years to redemption Months since last semi-annual interest payment 50 132.00 6.5% 15 0 The company has not issued or redeemed any equity or bonds in the past 5 years Other data Prospective price earnings ratio of FTSE All-Share index Prospective dividend yield of FTSE All-Share index 16.5 4.5% UK corporate tax rate 20% Average financial gearing of competitors 15%