4. Net Working Capital and the change in Net Working Capital year-to-year is an important component part of deriving Free Cash Flow. It is also imperative that company has a full grasp of its working capital management strategies. One way to measure this is through the company's cash conversion cycle. What does this mean (and inlcude the CCC formula in your response)? (5 points) 5. Stocks are principally valued on the basis of projected future performance and market sentiment. What is meant by "projected future performance" and "market sentiment"? (4 points) 6. Private Equity plays a very significant role in ownership and transformation of many middle- market privately held companies. Describe the private equity life-cycle. (5 points) 4. Net Working Capital and the change in Net Working Capital year-to-year is an important component part of deriving Free Cash Flow. It is also imperative that company has a full grasp of its working capital management strategies. One way to measure this is through the company's cash conversion cycle. What does this mean (and inlcude the CCC formula in your response)? (5 points) 5. Stocks are principally valued on the basis of projected future performance and market sentiment. What is meant by "projected future performance" and "market sentiment"? (4 points) 6. Private Equity plays a very significant role in ownership and transformation of many middle- market privately held companies. Describe the private equity life-cycle. (5 points)