SUBJECT: BUSINESS MATH

SECTION B (14 marks) Answer all questions. 1. Sabella company receives a joint venture project from a local designer which requires an initial investment of RM300,000. For the first three years, the company will be paid RM120,000, RM60,000 and RM35,000 respectively. Find the net present value if discount is 6.2% per annum. Should the project be accepted? marks)