ABCLCC sells its products on a gross profit of 20% on sales. The following information Is extracted from its annual accounts for the year ended 31st March 2020. The company enjoys one month's credit from suppliers of raw materials and maintains 2 months stock of raw materials and one and a half months finished goods. Cash balance is maintained at $100,000 as a precautionary balance. Assuming a 10% margin, find out the working capital requirements of ABCLCC