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Castle View Games would like to invest in a division to develop software for video games. To evaluate this decision, the firm first attempts to

Castle View Games would like to invest in a division to develop software for video games. To evaluate this decision, the firm first attempts to project the working capital needs for this operation. Its chief financial officer has developed the following estimates (in millions of dollars): (To copy the table below and use in Excel, click on icon in the upper right corner of table.)

Year 1

Year 2

Year 3

Year 4

Year 5

1

Cash

44

1212

1515

1414

1515

2

Accounts receivable

1818

2424

2424

2222

2424

3

Inventory

44

99

1111

1212

1515

4

Accounts payable

1818

2222

2323

2626

3030

Assuming that Castle View currently does not have any working capital invested in this division, calculate the cash flows associated with changes in working capital for the first five years of this investment. (Note: Enter decreases as negative numbers.)

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