Dumisani Investments Ltd provides sanitation services to municipalities within the

Tshwane area. The company is interested in ensuring that it has enough money to

finance its asset mix. The company$$s current and non$-$current asset mix for January to

December $2023,$ is provided in the table below. The company$$s opportunity cost on

short$-$term and long$-$term funds is $4\mathrm{.}5\%$ and $12\%$ respectively.

Month Current assets $($R$)$ Non$-$current assets $($R$)$ Total assets $($R$)$

January $6000070000130000$

February $5800070000128000$

March $5500070000125000$

April $4700070000117000$

May $4000070000110000$

June $4100070000111000$

July $4000070000110000$

August $3700070000107000$

September $3800070000108000$

October $3300070000103000$

November $4000070000110000$

December $5000070000120000$

REQUIRED

$1\mathrm{.}1$ Determine the average monthly seasonal and permanent funds requirement

for this company $($show your calculations, where applicable$).(4)$