In addition to the above, the following information is avalable: All sales and purchases of inventory are on credit. Inventories on 31 December 2020 amounted to R1 500000 . Credit terms of 5/10 net 90 days are granted by creditors. Credit terms of 60 days are granted to debtors. Dividends declared for the years ended 31 December 2021 and 2022 amounted to R1 169280 and R1 422000 respectively. The financial manager of Orbit Limited provided the following forecasts for 2023 : Sales are estimated at 8000 units with a selling price of R1 800 each. The manufacturing costs include direct materials of R460 per unit, direct labour of R315 per unit, variable overheads of R170 per unit and fixed overheads of R880 000. Fixed selling and administration costs are estimated at R2 000000 and the variable selling costs are estimated to be 7.5% of sales. The directors are confemplating diversification in 2024 by enfering the passenger transport market. This could be achieved through the purchase of a fleet of midi buses that are expected to cost R9 500000 . An additional R500 000 will be spent on import duties. The cost of operating the buses each year is expected to be R4 100000 and the annual revenues from transporting the passengers are estimated at R7 000000 . The buses REQUIRED Refer to the planned diversification for 2024 and calculate the following: 4.1 Payback Period (expressed in years, months and days) (3 marks) 4.2 Accounting Rate of Retum on initial investment (expressed to two decimal places) (5 marks) 4.3 Nat Present Value (6 marks) 4.4 Internal Rate of Retum using interpolafion (expressed to two decimal places). (6 marks) 4.5 Internal Rate of Retum using interpolation (expressed to two dacimal places) if there were no import dufes and no salvage value. (5 marks) Read the case study and answer the questions that follow. ORBIT LIMITED: FINANCIAL PERFORMANCE AND FORECASTING The mission of Orbit Limited is to achieve its vision by providing an innovative product and creative customer experiences. It's talented staff are guided by the values, social conscience and customer-centric mindset espoused by the board of directors. At the core of Orbit Limited is its customers. The company is committed to successful growth by delivering excelent service to its customers to whom it offers quality and value. It is for these reasons that Orbit Limited was able to achieve sucoess in the marketplace. However, the management has identffed the need to improve in certain respects. The folowing are the financial statements for the past two years: In addition to the above, the following information is avalable: All sales and purchases of inventory are on credit. Inventories on 31 December 2020 amounted to R1 500000 . Credit terms of 5/10 net 90 days are granted by creditors. Credit terms of 60 days are granted to debtors. Dividends declared for the years ended 31 December 2021 and 2022 amounted to R1 169280 and R1 422000 respectively. The financial manager of Orbit Limited provided the following forecasts for 2023 : Sales are estimated at 8000 units with a selling price of R1 800 each. The manufacturing costs include direct materials of R460 per unit, direct labour of R315 per unit, variable overheads of R170 per unit and fixed overheads of R880 000. Fixed selling and administration costs are estimated at R2 000000 and the variable selling costs are estimated to be 7.5% of sales. The directors are confemplating diversification in 2024 by enfering the passenger transport market. This could be achieved through the purchase of a fleet of midi buses that are expected to cost R9 500000 . An additional R500 000 will be spent on import duties. The cost of operating the buses each year is expected to be R4 100000 and the annual revenues from transporting the passengers are estimated at R7 000000 . The buses REQUIRED Refer to the planned diversification for 2024 and calculate the following: 4.1 Payback Period (expressed in years, months and days) (3 marks) 4.2 Accounting Rate of Retum on initial investment (expressed to two decimal places) (5 marks) 4.3 Nat Present Value (6 marks) 4.4 Internal Rate of Retum using interpolafion (expressed to two decimal places). (6 marks) 4.5 Internal Rate of Retum using interpolation (expressed to two dacimal places) if there were no import dufes and no salvage value. (5 marks) Read the case study and answer the questions that follow. ORBIT LIMITED: FINANCIAL PERFORMANCE AND FORECASTING The mission of Orbit Limited is to achieve its vision by providing an innovative product and creative customer experiences. It's talented staff are guided by the values, social conscience and customer-centric mindset espoused by the board of directors. At the core of Orbit Limited is its customers. The company is committed to successful growth by delivering excelent service to its customers to whom it offers quality and value. It is for these reasons that Orbit Limited was able to achieve sucoess in the marketplace. However, the management has identffed the need to improve in certain respects. The folowing are the financial statements for the past two years