Question 2 (a) The following forecasts are made for Oxyceuticals Skincare: EBIT (perpetual) $84.000 Tax rate 21% Debt $100,000 @8% WACC 16% Determine the value of the firm according to M&M's Proposition I assuming taxes. Assess if it would be beneficial for the firm to continue increasing debt (assuming taxes). (Word limit= 500 words. Penalty applies if exceeded) (25 marks) (b) Discuss the implications of the EMH on technical analysis and fundamental analysis, and the role of portfolio managers in efficient markets. (Word limit= 500 words. Penalty applies if exceeded) (30 marks)