$201$ point

A company is launching a new sales initiative and expects sales of $$817,118$ during the first. year, and the gross profit margin to be $20\%.$ To prepare for this, they plan to acquire $87$ days worth of inventory. Their vendor will allow $39$ days to pay its invoices. The company plans to sell only on account to its customers, so sales will be entirely credit based, and the average invoice is expected to take $45$ days to collect.

The company expects sales, costs and net working capital to grow $4\mathrm{.}5\%$ per year. What will be the incremental investment in operating net working capital for year $1?$

Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol. For example, if your answer is $$90\mathrm{.}1234,$ enter $90\mathrm{.}1234$

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