This is the average time between when a company receives raw materials from its suppliers and when it must make payment to its suppliers. Select one: a. Receivables collection period b. Cash conversion cycle c. Inventory conversion period d. Payables deferral period Assume that the Knot Tubee Deniad Corporation (KTD) is forecasting annual operating income of 50 million, which is not expected to grow since KTD plans to pay all profits out in dividends each year. Its taste is 40%, and a presently is financed by all equity (10 million shares) with stockholders requiring a 20% tetum on the stock MXO raises its debt ratio to 30% by borrowing at an interest rate of 10% and uses the funds to repurchase stock. who w be the new value of the stock per share? (Assume that stockholders will increase their required return to 25%) Select one: O a. $20.73 b. $12.44 c. $ 11.71 d. $6.37