11. From the following data provided by a manufacturing enterprise, compute the Working Capital requirement:

(i) Expected annual sales: `2,08,000

(ii) Cost of raw materials: 60% of sales

(iii) Expenses: 15% of sales

(iv) Profit: 25% of sales

(v) Credit allowed to debtors: 6 weeks

(vi) Credit allowed by creditors: 6 weeks

(vii) Raw materials in store: 4 weeks

(viii) Processing period: 2 months

(ix) Finished goods in store: 3 months

(x) Bank Overdraft: `20,000

(xi) Cash in hand: `10,000

(xii) Bills Payable: `8,000

(xiii) Production is carried on evenly during the year and expenses accrue in the same way.