Given below are the sales and purchases of Zahra and Fatimah Company. The company makes 20 percent of sales for cash, another 40 percent is collected in the month following sales, while the remaining is collected 2 months after sales. Other cash inflows are expected to be RM12,000 in May, RM15,000 in July and RM27,000 in September. The firm pays cash of 10 percent for its purchases and the remaining of 50 percent will be paid in the following month whlle another 40 percent two (2) months after purchases. Salaries and rental expenses will be paid RM50,000 and RM20,000 per month respectively. The firm expects to pay cash dividends of RM20,000 in June and September. Meanwhile, taxes of RMB0,000 and RM25,000 of fixed assets purchases will be paid in August. The principal and interest payments of RM30,000 and RM10,000 are due in July respectively. Assume that the firm has a cash balance of RM62,000 at the beginning of July and minimum cash balance of RM20,000, prepare a cash budget for Zahra and Fatimah Company for the third quarter of 2018. (16 marks) The expected returns of an investment are RM5,000 per year for the first 5 years, RM3,000 at the end of year six and RM1,000 at the end of year 7. If the interest rate is 10 percent, what is the future value of the cash flows at the end of year 8 . (4 marks)