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A firm has an average age of inventory of 65 days, an average collection period of 60 days and an average payment period of 65

A firm has an average age of inventory of 65 days, an average collection period of 60 days and an average payment period of 65 days. The firm's total annual outlays for operating cycle investments are $3.65 million. Assuming a 365-day year, how much financing is required to support its cash conversion cycle?

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