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2 2 1 point A company is launching a new sales initiative and expects sales of $ 8 8 9 , 9 6 0 during

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A company is launching a new sales initiative and expects sales of $889,960 during the first year, and the gross profit margin to be 24%. To prepare for this, they plan to acquire 32 days worth of inventory. They have also negotiated 49 days to pay its invoices from the vendor supplying the inventory. 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 35 days to collect. What amount of net working capital should be included in the initial investment?
Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol. For example, if your answer is $90.1234, enter 90.1234
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