Questions 1.1 - 1.3 are based on the following situation: Sipho wants to buy the Clean Car shop around the corner. The following cash flows are involved: Time in Years Cash Flow R 2 3 7 8 9 200 000 -500 000 700 000 850 000 -210 000 Sipho can borrow money at 19% per annum while he can invest at 17,5% per annum. Question 1.1 The present value of the cash outflows is [1] R340 590,94 [2] R535 703,05 [3] R524 888,51. [4] R357 407,06. (5) none of the above. Question 1.2 The future value of the cash inflows is (1) R2 678 633,08 (2) R2 583 623,93 [3] R2 346 412,58 [4] R2 403 837,84. (5) none of the above. Question 1.3 The MIRR of this shop is (1) 18,10% [2] 19,72% (3) 23,59% (4) 25,25% (5) none of the above