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@madihakhan18 said:
ya but timing of cash flow is important
when a cash flow arises at the start of the year it is assumed to have taken place end of previous yearHow did you calculate WACC?
For me cost of equity was 11%, Debt 5.7%, Bank 5.6% and Preference Shares 9.1%Wacc I think I got was 11.4%
What was that 4% Treasury bills UK rate?
My WACC is 6.9%
My bad.. I have done all the calculations right except cost of equity@pinkyjovin123 said:
In Mcqs Roce(avg invest)
What was its answer ??Change in sales volume would lead NPv to zero??
What is its answer??It asks sales volume sensitivity
@caspian087 said:
It asks sales volume sensitivityIt was 7.7% (based on my calculations)
I got NPV of minus seven thousand and something but it seems I didn’t see that:
tax is in arrears and that “Depreciation tax allowance could be claimed at the START of first year” as I think some people here replied.
Hi, q32 on NPV wording was very confusing on tax allowable depreciation – my reading was that the initial jnvestment takes place at beg of T1 – thus in T 0, not that tax allowable depreciation can be claimed in T1. I read the phrase a couple of times before deciding how to proceed. I got a positive NPV of over 1m
Wacc in Q 31 was around 10.8% and it seems i computed ok all the costs (ke and kds).
@aproop said:
It was 7.7% (based on my calculations)I think it was 13 or 31%
Sales sens.= NPV/ contrubition
I got wacc aprox 11% but I was wrong in my calculation for cost of debt of the redeemable loan . Cost of debt was per my calcul 15% but it’s wrong as K of quity only 11%. I made note that my 15% cost of debt is wrong as I picked 10% and 15% of discount factors. both NPVs were positive and screwed uo the formula messing two part of IRR calcul. Hopefully, they will give 50% of 8 marks.
NPV was positive in Q 32 but my tax payable was in arrears and tax saving (cap allow) was also in arrears but it seems it should in the same year but it was not clear.
MCqs (1-15) were half OK , and other 16-30 not bad but I made a mistake in money hedge because divided the rate by 2 . However, ther were already 6 month term.
Hopefully , I will get my 50 marks as this is my 3rd attempt.
@caspian087 said:
I think it was 13 or 31%Sales sens.= NPV/ contrubition
I guess it asked for decrease in Sales % to get NPV 0
Hi did any one remember MCQs answers I got few more A and D please share ur experience did attempt F9 so many times being bored with it to much and last exam to finsih F level
@aproop said:
I guess it asked for decrease in Sales % to get NPV 0not decrease in Sale %…
It asked decrease in sales VOLUME to get 0 NPV
@caspian087 said:
not decrease in Sale %…It asked decrease in sales VOLUME to get 0 NPV
Cool.. Hope I pass!
I recall clearly in the investment appraisal question stating that “Assume Depreciation tax allowance is PAID at the START of the FIRST year.
from which year did everyone start to realize the allowance?Section C was like Merry xmas enjoy so not difficult.
but MCQ was like f***** it! I didn’t have a clue so guess my way through them.
Because I guessed them had plenty of time to memorised them as below:
1 A 11 A 21 A
2 B 12 B 22 B
3 D 13 C 23 B
4 C 14 C 24 A
5 C 15 D 25 B
6 C 16 D 26 A
7 D 17 D 27 D
8 A 18 C 28 C
9 C 19 D 29 C
10 c 20 A 30 DI also did noticed MCQ 27 partly answered one of the section C question on two ways of incorporation risk in to investment appraisal.
The answer was probability and sensitivity analysis.
for the NPV I had a very huge figure like never before which made me think I had done something wrong but looking at the NPV values of the subsection b which was about PI I concluded i was probably right.My Wacc was 10…. something.
the business and financial risk wasn’t quote sure what to write any one?I thought I had done ok on section C until I looked on here!
Did anyone else leave the fixed costs out of the NPV question because it was just increasing capacity not an entirely new investment so fixed costs would have been incurred regardless of if the project was undertaken?
Hi guyes and girls today was f9 paper and my mcqs answers were that’s 1.D.2D.3c.4c.5.c.6B.7b.8b.9c.10A.11D.12B.13B.14D.15c.16b.17d.18a.19c.20b.21a.22.b.23b.24d.25d.26b.27c.28c.29a.30c.most of my mcqs was guest. Npv is positive 134 and tax benifit is also in arresrs as like payment and in wacc I ignore bank and give note about bank.
@sa1pw said:
How did you calculate WACC?
For me cost of equity was 11%, Debt 5.7%, Bank 5.6% and Preference Shares 9.1%Wacc I think I got was 11.4%
Cant remember the cost of debt i got but the rest are fine..
and ya wacc i got 10.58
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