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  3. 3.3 charlie's angels ltd has the following stateme

3.3 Charlie's Angels Ltd has the following statement of financial position: Equity R750 000 Non-current...

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3.3 Charlie's Angels Ltd has the following statement of financial position: Equity R750 000 Non-current assets R250 000 Cash R500 000 The company has 50 000 shares in Issue. The company has just declared a R1,50 dividend per share. The ex-dividend date is the day after tomorrow. Required: a) What is the share selling for today? (1 Mark] b) What will the share price be in two days' time? [1 Mark] c) How will the statement of financial position change after the dividends are paid? [3 Marks) A company is able to sell 50 000 cans of deodorant per year for the next three years at a price of R4.00 per can. The variable cost per unit is R2.50 while it required R50 000 in research and development to develop the product. The fixed costs associated with the project are R12 000 while the equipment will cost R90 000 including installation costs. An initial outlay of R20 000 will be required for working capital. The equipment will be depreciated using the straight line method over three years and has a salvage value of R20 000. The company's tax rate is 40% while the cost of capital is 20%. 1.1 What are the associated cash flows for the project? (15 Marks)

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