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  3. (b) change corporation expects an ebit of rm31,200

(b) Change Corporation expects an EBIT of RM31,200 every year forever. The company currently has...

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(b) Change Corporation expects an EBIT of RM31,200 every year forever. The company currently has no debt, and its cost of equity is 11 percent. The tax rate is 22 percent. Calculate the current value of the company? (5 marks) c) Franklin, Inc., has an inventory turnover of 17.9 times, a payables turnover of 10.7 times, and a receivables turnover of 9.2 times. What is the company's cash cycle? Assume 365 days per year

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