[Son]

Dear Sir,

Thank you so much

Son

[Son]

Dear Sir,

I would like to ask in reality, what basis is appropriate?

Thanks a lot

[Son]

Dear Tutor,

This is June 2013 Question 1

Thank you

[Son]

Dear Tutor,

Please clarify my thinking in this area.

I think the working capital required in Year 4 is not related to the current machine so it is not relevant cash flow to the current machine?

Thank you so much

[Author]

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