c) MW has budgeted its sales to be RM700 000 per annum. Its costs as a percentage of sales are as follows: % Raw Material 20 Direct Labour 35 Overheads 15 Raw materials are carried in stock for two weeks and finished goods are held in stock for three weeks. Production takes four weeks. MW takes four weeks' credit from suppliers and gives eight weeks' credit to its customers. If both overheads and production are incurred evenly throughout the year, what is MWs total working capital requirement? (13 marks)