[danielrainey3]

Section c
Had 10.8 in WACC, think I calculated the MV of preference shares incorrectly which is why I got 10.8. Thought the stakeholder management theoretical element was strange, WACC theory q was fine.

NPV Lease vs but was fine but I stupidly calculated EAC after that and therefore chose purchase. Anyone know how much I’ll get penalised for that? Probably 2 marks due to the incorrect discussion? Rest of it I can’t really remember but nothing too bad.

Section A
A lot harder than previous examples. Very theoretical based and some were just quite strange. Notably, who cannot use money markets, government incentives for SMEs for funding gap, tough profitability vs liquidity tick box, government assistance question, and tax allowable depreciation being paid at the end of the year in which it arises. Quite tricky to be honest, definitely lost a good few.

Section B
Tough as imagined, especially the business finance case. Replacement value, earnings yield for the competitor were tricky.

Thought it was quite hard but think section C may have helped to build up a good bank of marks.

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