(B) IMBI Sdn Bhd is an early-stage venture, and you would like to use the equity valuation cash flow method to project the cash flow. Given the following financial statements, answer the following questions. IMBI Sdn Bhd Statement of Profit & Loss For the financial year ended December (In MYR) 2021 Forecast 2022 Revenue 1,300,000 1,600,000 Cost of goods sold (780,000) (960,000) Gross Profit 520,000 640,000 Promotional expenses 130,000 160,000 Administrative 150,000 150,000 expenses Depreciation 40,000 55,000 EBIT Finance costs 200,000 275,000 45,000 55,000 Profit before tax 155,000 220,000 Income tax expense 62,000 88,000 Profit, attributable 93,000 132,000 to the owners of the company IMBI Sdn Bhd Statement of Financial Position For the financial year ended December (In MYR) 2021 Forecast 2022 Assets Non-current assets Net, Property, plant, and 300,000 380,000 equipment (PPE) Current Assets Inventories 450,000 570,000 Trade and other receivables 200,000 290,000 Cash and bank balances 50,000 60,000 Total Assets 1,000,000 1,300,000 Equity and Liabilities Equity attributable to 250,000 250,000 owners of the Company Reserve 80,000 160,000