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MDP135W OCTOBERSNOVEMBER 2019 SECTION B: MANAGEMENT ACCOUNTING 7 marks] Question 1 Billie Jean, the MD of Jackson Records, is considering investing R12,000 in a project
MDP135W OCTOBERSNOVEMBER 2019 SECTION B: MANAGEMENT ACCOUNTING 7 marks] Question 1 Billie Jean, the MD of Jackson Records, is considering investing R12,000 in a project with the following cash revenues and expenses Revenues Year 1 R20,000 Year 2 R22,000 Year 3 R22,000 Year 4 R22,000 Year 5 R25,000 Expenses R18,000 R19,000 R20,000 R17,000 R17,000 Bille requires a minimum rate of return of 8%. 1 What is the net present value of the investment
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