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811 o 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

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811 o 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 $5.52 $8.20 $13.42 $17.75 $19.00 What will be the balance sheet value of NWC for year 12 (answer in terms of millions, xxx million) Submit Answer format: Currency Round to 2 decimal places 12 O A fim'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 $5.63 $8.56 $15.04 $17.75 $19.00 What will be the Investment in NWC for year 12 (answer in terms of millions. Answer will be a positive number) Submit Answer format: Currency Round to: 2 decimal places

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