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How would this business finance a solar installation project requiring an initial 7.79 million with and maintance cost of 50K per annum? The project has
How would this business finance a solar installation project requiring an initial 7.79 million with and maintance cost of 50K per annum? The project has both negative NPV and IRR over a period of 5 years
Property, Plant, and Equipment comprises of the hardware relating to the mining rigs use by Crypto. The average age of the hardware is 2 years old and has an estimated useful life of 6 years. Note 2 The short-term credit facility has been negotiated by management to bridge any financing needs. This facility attracts interest at Prime +2%. \begin{tabular}{|l|l|r|} \hline \multicolumn{2}{|l|}{ Statement of financial position as at 31 August 2022} \\ \hline Assets & & \\ \hline Non-current assets & Note 1 & 3450000 \\ \hline Property, Plant and Equipment & & \\ \hline Current assets & & \\ \hline Cash and cash equivalents & & \\ \hline Equity & & \\ \hline Shareholders capital & & \\ \hline Retained earnings & & 2500000 \\ \hline Liabilities & \multicolumn{2}{|l|}{} \\ \hline Non-current liabilities & & \\ \hline Loan from Standard Bank & & \\ \hline \multicolumn{4}{|l|}{ Current liabilities } & \\ \hline Short-term credit facility & Note 2 & \\ \hline \end{tabular} Property, Plant, and Equipment comprises of the hardware relating to the mining rigs use by Crypto. The average age of the hardware is 2 years old and has an estimated useful life of 6 years. Note 2 The short-term credit facility has been negotiated by management to bridge any financing needs. This facility attracts interest at Prime +2%. \begin{tabular}{|l|l|r|} \hline \multicolumn{2}{|l|}{ Statement of financial position as at 31 August 2022} \\ \hline Assets & & \\ \hline Non-current assets & Note 1 & 3450000 \\ \hline Property, Plant and Equipment & & \\ \hline Current assets & & \\ \hline Cash and cash equivalents & & \\ \hline Equity & & \\ \hline Shareholders capital & & \\ \hline Retained earnings & & 2500000 \\ \hline Liabilities & \multicolumn{2}{|l|}{} \\ \hline Non-current liabilities & & \\ \hline Loan from Standard Bank & & \\ \hline \multicolumn{4}{|l|}{ Current liabilities } & \\ \hline Short-term credit facility & Note 2 & \\ \hline \end{tabular}Step by Step Solution
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