#11 A firm's net working capital is proportional to its sales. Historically, inventory is 10.00% of sales, accounts receivable is 20.00% of sales, and accounts payable is 12.00% of sales. Below, we have the sales forecast for the upcoming four years: (in millions) Year o Year 1 Year 2 Year 3 Year 4 Sales $5.50 $9.74 $13.41 $17.75 $19.00 What will be the balance sheet value of NWC for year 1? answer in terms of millions, x.xx million) Submit Answer format: Currency: Round to: 2 decimal places. #12 + A firm's net working capital is proportional to its sales. Historically, inventory is 10.00% of sales, accounts receivable is 20.00% of sales, and accounts payable is 12.00% of sales. Below, we have the sales forecast for the upcoming four years: (in millions) Year 0 Year 1 Year 2 Year 3 Year 4 Sales $5.53 $9.15 $14.71 $17.75 $19.00 What will be the investment in NWC for year 1? (answer in terms of millions. Answer will be a positive number) Submit Answer format: Currency: Round to: 2 decimal places