Nedib.J Ltd. has a constant gross margin of 35% and a constant EBIT margin of 22%. The following tables contain information from Nedib.J's accounting statements in 2022 and the projection in 2023. From Balance Sheet ($000)<¹ Assets 20224 Liabilities and shareholders' equity 2022 Cash 52 Accounts payable Accounts receivables 874 Notes payable Inventory 72 Total current liabilities Total current assets 211 Long-term debt Fixed assets 800 Common stock From Statement of Income & Management Projection ($000) 2023<< 2022 Total Revenues 520 480<< Depreciation 90 100< Interest Expense 70< 60 Nedib.J expects to invest $20m in 2023. The marginal tax rate is 35%. Answer the following questions: a. Calculate the book value of equity for Nedib.J b. Calculate the 2022 cash conversion cycle for Nedib.J. Keep two decimal places.< E له له 81*** 39€ 120 220 (projection)