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12. Boyes Beach Wear is adding a new product to its sales lineup. Initially, the firm will stock $23,000 of inventory, which will be purchased
12. Boyes Beach Wear is adding a new product to its sales lineup. Initially, the firm will stock $23,000 of inventory, which will be purchased on 30-days credit from its supplier. The firm will also invest $27,000 in accounts receivable and $65,000 in equipment. What amount should be included in the initial costs for net working capital?
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