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1. Dandee Lions, Inc. has a cash balance of $103,000, accounts payable of $218,000, inventory of $201,000, accounts receivable of $317,000, notes payable of $63,000,

1. Dandee Lions, Inc. has a cash balance of $103,000, accounts payable of $218,000, inventory of $201,000, accounts receivable of $317,000, notes payable of $63,000, and accrued wages and taxes of $74,000. How much net working capital does the firm need to fund?

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