Keneilwe's Beauty Lid.'s sales for 2021 were a meagre R2.2 million. However, due to the firm's improved product mix, management expects a sales growth of 30 percent in 2022 and would like to determine the effect of the various current asset policies on the firm's performance during the current year. The firm has R1.2 million of fixed assets and intends to keep its debt ratio at its historical level of 70 percent. The firm's debt interest rate is currently at 8 percent. As a financial analyst, you are required to determine the firm's return on equity under each of the current asset policies provided below considering that the firm's earnings before interest and taxes is expected to be 15 percent of sales and the firm's tax rate is at 30 percent. REQUIRED 2.1 Determine the expected return on equity under the tight current assets policy in which the current assets are 45 percent of projected sales