9. American Homage Inc. is reviewing a proposal for a new project. The purchase price of assets needed for the project is estimated to be $120,000. The firm expects the following increases in the listed accounts: Accounts Receivable: $11,000 Accounts Payable: $16,000 Inventories: $3,000 How much net working capital will the firm need? A) B) C) D) E) $1,000 $2,000 $10,000 $12,000 None of the above