Year ($million)	31st Mar. 2020 (Actual)	31st Mar. 2021 (Forecast)	31st Mar. 2022 (Forecast)
Income Statement
Sales of Properties	420.0	475.0	450.0
Rental Income	200.0	205.0	262.0
Dividends Received (investment of listed shares)	20.0	22.0	20.0
Impairment of Properties in Development	-18.0	-59.0	-32.0
Operating Costs	-400.0	-412.0	-423.0
EBITDA	222.0	231.0	277.0
Depreciation	-120.0	-130.0	-140.0
EBIT	102.0	101.0	137.0
Net Interest	-14.0	-12.6	-14.3
Pre-Tax Profit	88.0	88.4	122.7
Tax	-26.4	-26.5	-36.8
Net Profit	61.6	61.9	85.9
Balance Sheet
Assets
PPE	380.0	400.0	435.0
Inventory, Debtors & Operating Cash	340.0	330.0	355.0
Other Investments	200.0	200.0	200.0
Total Assets	920.0	930.0	990.0
Funding
Debt (Note: Trading at par)	180.0	128.1	102.2
Creditors	150.0	160.0	170.0
Ordinary Equity	590.0	641.9	717.8
Total Funding	920.0	930.0	990.0
Shares on Issue	Million
Opening Number of Shares	100.0
Shares Issued on 30 June 2019	20.0
Closing Number of Shares	120.0
Additional information:
Number of issued shares	120 million
Share price	$4.23
Equity Beta	0.90
Equity Risk Premium	5.0%
Risk-Free Rate Proxy	3.0%
Implied Interest Rate	7.8%	(based on 2020 year end debt and interest expense)
XGG Corp. Bond Market Yield	4.7%	(publicly listed)
Tax rate	30%
Capital structure	Currently at long-term target
Simplifying conventions:	All cash flows occur as at year-end
	Tax rate of 30% applies to all income
	All ratios to be estimated based on year-end values

Q1: Whats your best estimate of the companys cost of marginal debt (rounded to two decimal places)?

Q2: Whats the companys Normalized Earnings for financial year end 2020?

Q3: Whats the companys weighted average number of shares for diluted EPS calculation?

Q4: Whats the companys normalized diluted EPS for financial year end 2020 (rounded to two decimal places)?

Q5: Whats the companys EBITDA from operation for financial year end 2020?

Q6: Whats the companys enterprise value of operation for financial year end 2020?