Calculate the Projected Working capital requirement using following details (Manufacturing company)

Projected Net sale - Rs 32.43 Mln

Projected Cost of goods sold(Variable cost)- 27.27 Mln

Projected one year administrative cost (Fixed cost) - Rs 0.94 Mln

No of working days in the month - 25 days (300 days per year)

Stock retention period -2 days

Finished goods period-7 days

Debtors period - 21 days

Intend to purchase a machine for Rs 0.8 Mln using a 5 year bank loan in the projected year.