The board of directors, in their strategic meeting agreed on the following objectives for the $2024$ financial year:

Objective

Non$-$Current Assets R$3750750$

Sales $($all sales are on credit$)?$

Gross profit percentage $35\%$

Expenses as a percentage of sales $30\%$

Estimated Finance cost R$185000$

Tax Rate $27\%$

Debtor days outstanding $45$

Inventory days $30$

Creditor days $90$

Non$-$ current asset turnover $1\mathrm{.}7$

Credit purchases: Percentage of cost of sales $75\%$

Debt to equity $0\mathrm{.}7$

Cash and bank $?$

Non$-$current liabilities R$1876750$

Weighted average cost of capital $15\%$

REQUIRED

Draft the forecasted Statement of Comprehensive Income for the year ending $30$ June $2024.(5$ marks$)$

$2.$ Advise the board if the above$-$mentioned objectives will add value for the shareholders. Support your answer with the relevant calculation$($s$).$