1. In 2020, Cane Manufacturing has CAPX of $125,000, Depreciation of $40,000, and EBIT of $450,000. The tax rate is 30%. The following 2019 and 2020 accounts are:

Item	2019	2020
Required cash	50,000	75,000
Accounts receivable	200,000	250,000
Inventories	300,000	360,000
Accounts payable	100,000	120,000
Accrued liabilities	40,000	50,000

Each part below is worth 5 marks. Answer the following:

1. What is the change in Net Operating Working Capital in 2020?
2. What is the Enterprise Value Cash Flow in 2020?