(Answered) Jims hardware is adding a new product to its sales lineup

Finance

Jim's Hardware is adding a new product to its sales lineup. Initially, the firm will stock $36,000 of the new inventory, which will be purchased on 30 days' credit from a supplier. The firm will also invest $13,000 in accounts receivable and $11,000 in equipment. What amount should be included in the initial project costs for net working capital?

-$3,000
-$47,000
-$24,000
-$13,000
-$49,000

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