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Investment Planning AS3001 Assignment

 
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Old 26-04-2011, 10:56 AM   #11
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Hello

sorry for the late response and thank-you for your response. I have not completed this question as yet however i thought we were only supposed to source this information from the subject notes.

I might email kaplan and find out if we are to source the information externally.

thanks
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Old 26-04-2011, 10:59 AM   #12
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Also just another quick question.

i have been trying to calculate the IRR and I'm not sure what i am doing incorrectly.

i have been calculating as follows:

480,000 = [20665/(1+i)] + [21307/(1+i)^2] + [21862/(1+i)^3]

i can not calculate a suitable value or i that is results in a figure close enough to $480,000.

Thanks
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Old 26-04-2011, 12:12 PM   #13
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As usual Kaplan are hopeless at helping you with any of the queries it's students have in particular this question because the markers themselves have no idea also. They don't even realise that they send you email replies that contradict other responses they have given other students or even the same student who asks them to clarify further because what they have provided is utter garbage. No wonder this industry gets a bad name - it's not bad enough they give multiple choice exams but they do not even know their own content themselves.

Enter these details in excel exactly how they are ignoring the bold text which is merely indicating what cells you need to place the text into. I do not know if it's right but it isn't what I did but I got my question incorrect and I had two responses from the same Kaplan idiot who told me to do two completely different things to correct it and one of his responses was exactly what I did to get it wrong.

A1 -4800000
A2 20665
A3 21307
A4 =21862+575000
A5 =IRR(A$1:A$4)

IRR = 10% but you will never know if this is right or wrong because I believe Kaplan have it wrong to begin with and most students do not even know how or why they are calculating this figure for and if they are REALLY doing it correctly.
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Old 26-04-2011, 04:12 PM   #14
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I got 10.4% for my IRR calculating it manually, however that is still $201.11 short of the $480,000. Because Kaplan is asking us to calculate it to one decimal place this is the closest I got.
It would be much easier not having to provide workings as excel is much easier but if we don't we will lose marks.
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Old 26-04-2011, 04:17 PM   #15
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I just cofirmed my manual calculation of 10.4% in excel, make sure you put it to one decimal place as initially it says 10% but at one decimal place it's 10.4%.
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Old 26-04-2011, 04:28 PM   #16
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Builder2818, when are you doing your IP1 exam? Mine is on Friday 8.30am
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Old 26-04-2011, 07:02 PM   #17
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Quote:
Originally Posted by Christina.Hunt View Post
Builder2818, when are you doing your IP1 exam? Mine is on Friday 8.30am
I was going to do it this Thursday but I never got round to reading the text again - currently only on Chapter 4 but will do it next week sometime.

Good luck on Friday.

Have you finished your assignment?
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Old 26-04-2011, 07:18 PM   #18
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Finalising my assignment right now, ended up being due tmoro because of the public holidays.
I have studied modules 1-8 in a space of 3 days, still have 9 & 10 left and they're the biggest. I don't really have an option to postpone my exam as I'm going overseas next Saturday for 7 weeks.

Good luck for your exam too! And thanks again for your reply regarding the forecasts.
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Old 28-04-2011, 12:35 PM   #19
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Quote:
Originally Posted by Christina.Hunt View Post
Hi Jess126,

I am currently doing this assignment too and I have had a lot of confusion with some questions. In regards to your question for Q3ii, I had the same query and the Kaplan technical staff had advised me:

"Your issue is that you have incorrectly included the purchase price cash flow in the PV calc, but not included the sale price cash flow in the PV calc. The purchase price cash flow should be brought into play when doing the NPC and IRR only."

Does this make sense? So you need to factor in the sale price of $575,000.

Hope this helps.

----

I had a quick question about Q3 b iii -
Have you completed this question yet? It asks for specific performance drivers for suncorp, but I can't seem to find that specific information in the course notes. Is this something we source externally?
Previously I have been told all the answers for the questions are in the course notes so no external research is required.

Any help would be greatly appreciated from all.

Thanks
Hi Christina

sorry for the late reply. you have probably already submitted your assignment. I just finished this question and basically used performance drivers direct from the company. it wasnt in the course notes. it says to use specific drivers so i cant see how they would mean that it is in the text. i basically used research on the company to find the relevant drivers.

How did you answer the question? I have to submit it next week as i am going overseas also.

Thanks also to yourself and builder for the help with the IRR question. When i calculated it manually i got the 10.4% as well. I dont think it matters that it is around $200 out because we only need to get it as close as possible.

i only have one more question to complete now but can not find it anywhere in the notes. its driving me mad. do you think you could point me in the right direction for Q3 Ciii).

Thanks again for all your help and goodluck with your exam.
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Old 28-04-2011, 02:56 PM   #20
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Hi Jess126,
I actually never found text in the notes that directly related to this question. I did use text from 9:1.5 Gearing and the share price. This talks about high levels of debt so I just used the info and mentioned the flip side.
Hope that helps, I'm not sure if I'm right as haven't been marked yet. Builder2818 has passed his assignment so may be able to shed further info on this.

I'm a bit nervous about my exam tomorrow. Did the practice exam and it's confusing. There's so many elements involved and they all are very similar. Thankfully it's open book, but I find that this sometimes makes it harder cuz you doubt yourself and then go searching in the book, thus wasting time.

When do you go overseas? I go next Saturday so have very limited time to resit the exam if need be.

Are you doing the super and retirement subject next? I won't be starting mine til end of June.

Good luck with your studies.

Talk soon
Christina
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