SECTION C: ESSAY TYPE TASKS CASE STUDIES TASK 4 (20 Marks) You are a Management Accounting for a record company, and you receive the following email from your Financial Manager You received the following email from the senior finance manager and is asking you to assist him. Read the email carefully including the attachment on the next page and answer the questions being asked From: Senior Financial Manager To You Date: Today Subject: NPV analysis Hi, As you know, we are considering purchasing another record company. We have a couple of targets in mind and are running initial investment appraisals on them as part of a feasibility study. While you were on holiday last week, I asked Niamh, a junior member of the team to produce a net present value calculation for this project. However, she has only recently encountered this area as part of her studies and I believe that she has made a number of errors. I don't have the time to take her through them, but I'd like you to do so for me as part of your mentoring duties. Question A) Could you look at the attached and put together a list of errors that you can spot in the numbers, along with explanations as to why they are errors? It was done on a spreadsheet, so I am happy with the adding up. (10 Marks) Module Name: Cost and Management Accounting 3 Page 4 of 6 20