5. . Consider the following financial statement information for the Pawlonia Corporation: Item Beginning Ending Inventory $ 6,118 $ 7.302 3.764 4.986 Accounts receivables Accounts payable Net Sales Cost of goods sold 4.483 5.327 $65,351 41.654 Assume all sales are on credit. a. Calculate the lengths of operating and cash cycles. b. Your corporation management thinks that it is using too much cash to run its operation. As an outstanding student in the BA 3425 class, you have been tasked to recommend actions to reduce the operating cash needs of your corporation by 10%. Give a few recommendations. 6. EPG, Inc. announced today that their next annual dividend will be $1.60 per share. After that dividend is paid, the company is going to suspend dividends for 5 years after which a constant dividend of $0.70 share will be paid annually. The market rate of return on this stock is 14 percent. What is the current value of this stock given this announcement? [Use of a timeline is strongly recommended.]