Question 3 (a) Hannah Ice-cream Enterprise has forecast that there are cash inflows of RM200,000 for the next five years with a start-up capital of RM525,000. Calculate the Internal Rate of Return (IRR) for Hannah Ice-cream. (10 marks) (b) Jung Kook Berhad has 1 million shares outstanding with earnings of RM2 million. The company decides to use RM10 million in idle cash to repurchase share in the open market. The company's shares are trading at RM50 per share. If the company uses the entire RM10 millions of idle cash to repurchase shares at the market price. Estimate the company's earnings per share for Jung Kook Berhad. (10 marks) (c) As a finance manager, to avoid the problem of shortage and surplus of funds is the main roles in the business organization. Briefly explain the concept of financial planning and discuss FOUR (4) points of importance to manage it. Question 3 (a) Hannah Ice-cream Enterprise has forecast that there are cash inflows of RM200,000 for the next five years with a start-up capital of RM525,000. Calculate the Internal Rate of Return (IRR) for Hannah Ice-cream. (10 marks) (b) Jung Kook Berhad has 1 million shares outstanding with earnings of RM2 million. The company decides to use RM10 million in idle cash to repurchase share in the open market. The company's shares are trading at RM50 per share. If the company uses the entire RM10 millions of idle cash to repurchase shares at the market price. Estimate the company's earnings per share for Jung Kook Berhad. (10 marks) (c) As a finance manager, to avoid the problem of shortage and surplus of funds is the main roles in the business organization. Briefly explain the concept of financial planning and discuss FOUR (4) points of importance to manage it