[ejshepherd]

** ha! disappointed if I FAIL that. my bad 😛

[ejshepherd]

I found the paper actually ok, I think they certainly could of made it much much harder.

To be honest, I did the NPV question on 9,000 units each time, not incremental. It didn’t even cross my mind! but re-reading I am confident I did the right thing. a very similar past paper question for this question which thank god I did 🙂

Seems a lot of problems on Q3, but that was the only question I did confidently for all parts! Think I did ok on calculation in Q4 but not so much on written parts.

Great for a bit of WACC, pretty happy included all loans/pref shares etc but bit wobbly on a full answer for the CAPM bit in Q2. Calculate it? fine! write about it? oh!

Will be disappointed if I pass that. but good luck to all 🙂

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