KPJ Engineering wanted to assess the efficiency of their cash management practices. Normally, KPJ hols inventory for 65 days, make payment to their supplier in 35 days and collects from their credit customers (debtors) in 15 days. Present annual investment outlay of KPJ worth RM 1,960,000 on operating cycle in which they pay financing cost of 10 percent. (Assume a 360 days year) i) Compute the cash conversion cycle using 360 days year. (3 marks) ii) Compute the operating cycle using 360 days year. (3 Marks) iii) Compute KPJ's daily expenditure and if operating cycle is reduced by 15 days, what would the annual savings