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Problem:

Jim's Hardware is adding a new product line to its sales lineup. Initially, the firm will stock $41,000 of the new inventory, which will be purchased on 30 days' credit from a supplier. The firm will also invest $6,000 in accounts receivable and $4,000 in equipment.

Required:

Question: What amount should be included in the initial project costs for net working capital?

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Category:- Basic Finance
Reference No.:- M91147910

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