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A firms Total Fixed Assets this year equals $5,000,000 and last year equals $3,000,000. Its Working Capital this year equals $1,500,000 and last year equals

A firms Total Fixed Assets this year equals $5,000,000 and last year equals $3,000,000. Its Working Capital this year equals $1,500,000 and last year equals $1,000,000. Its depreciation this year - assumed to be a capital expenditure - equals $1,000,000. This firms Working Capital Spending equals:

a.

$2,000,000

b.

$1,500,000

c.

$500,000

d.

$3,500,000

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