Included in'cost of sales', 'distribution expenses' and 'administrative expenses', depreciation was as follows: Land And Buildings Plant And Machinery 2014 2015 Rm Rm 6 10 10 12 There were no non-current asset disposal in either year. The amount of cash paid for interest equalled the explense in each ear. Dividends were paid totalling R18 million in each year. Required: Prepare a statement of cash flows for the business for 2015. (6 marks is for formatting and calculation on Excel). QUESTION 3 (6) The management of Spark Electronics is considering to purchase a piece equipment to be attached to the main manufacturing machine. The equipment will cost R60,000 and will increase annual cash inflow by 22,200. The useful life of the equipment is 6 years. After 6 years, it will have no salvage value. Management wants a 20% return on all investments. Required: Compute net present value (NPV) of this investment project. (1 mark is for formatting) QUESTION 4 (8) A project requires an initial investment of R225,000 and is expected to generate the following net cash inflows: Year 1:R95,000 Year 2:R80,000 Year 3:R60,000 Year 4:R55,000 Required: Compute net present value of the project if the minimum desired rate of return is 12%. (1.5 marks are for formatting)