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James Corporation is deciding whether to pursue an aggressive or conservative working capital investment policy. The firm's annual sales are expected to total $30,000,000 ,

James Corporation is deciding whether to pursue an aggressive or conservative working capital investment policy. The firm's annual sales are expected to total \$30,000,000 , its fixed assets will be $ 6,000,000, and its debt and common equity are each 50% of total assets. EBIT is $1,000,000 the interest rate for the firm's debt is 12\% , and the tax rate is 25% If the company follows an aggressive policy , its current assets will be $ 1,000,000. Under a conservative policy, its current assets will be 2,000

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