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29. A firm has the following forecast for these balance sheet items for a project. Accounts receivable will be 12% of sales, inventory will be

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29. A firm has the following forecast for these balance sheet items for a project. Accounts receivable will be 12% of sales, inventory will be 7% of sales, and accounts payable will be 9% of sales. Sales are forecasted to be $400,000 for year 1, and $600,000 for year 2. What is the investment in NWC for year 2? a. $14,000 b. $ 16,000 c. $18,000 d. $20,000 e. $22,000

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