QUESTION 3 Page 4 of 10 Part A Malume is working out the value of his 80th birthday presents he has just received from his three grandchildren; Harry, Nkosi and Mary. Harry's gift - Malume will receive E5 000 at the end of each of the next five years. Mary's gift - Malume will receive E35 000 in 5 years' time. Nkosi's gift - Malume will receive E7 500, E 15000 and E8 000 at end of year 2, 3 and 4 respectively. Malume's required rate of return on these gifts is 10%. Required: Calculate the total value of Malume's gifts from his grandchildren