(a)[10]
Fill in the table below by working out the net cash flow for each year of the project.
(b)[4]
Calculate the net present value (NPV) of the project, assuming that day tickets are sold.
(c)[7]
Advise Waheed whether he should sell day tickets or annual tickets if he goes ahead with the project. Give reasons for your answer. A recalculation of the NPV with annual tickets is not needed.
(d)[4]
State two advantages and two disadvantages of using ARR.