What is the annual value creation of Sheaf plc which has an investment level of 300,000 and

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What is the annual value creation of Sheaf plc which has an investment level of £300,000 and produces a rate of return of 19 per cent per annum compared with a required rate of return of 13 per cent? What is the performance spread?
Assuming that the planning horizon for Sheaf plc is 12 years, calculate the value of the firm. (Assume the investment level is constant throughout.)
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