QUESTION THREE [25] 3.1 The management of Blade Industries has to choose between two machines, namely machine Dune and machine Tune. The following information is presented to you: The required return is 15%. The straight line method of depreciation is in use. Required: Study the information given above and answer the following questions: 3.1.1 Calculate the payback period for Machine Tune (year, months and days). 3.1.2 Calculate the Net Present Value (NPV) for each machine. (round of amounts to the nearest Rand) (6) 3.1.3 Advise management based on your answer in 3.1.2 above. (2) 3.2 Identify and describe four (4) users of financial statements. (8) 3.3 Outline three (3) disadvantages of the payback period method (3) 3.4 Outline two (2) advantages of the Net Present Value (NPV) method. (2)