1. ABC Inc. is reviewing a proposal for a new project. The purchase price of assets needed for the project is estimated to be $120,000. The firm expects the following increases in the listed accounts: Accounts Receivable: $12,000 Accounts Payable: $16,000 Inventories: $3,000 How much net working capital will the firm need? $1,000 $9,000 $10,000 $12,000 None of the above