Castle View Games would like to invest in a division to develop software for a soon$-$to$-$bereleased video game console. 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$)$:

$\backslash$table$[[$Year$,1,2,3,4,5],[$Cash$,4,10,16,14,16],[$Accounts Receivable,$22,23,24,21,26],[$Inventory$,5,8,11,14,14],[$Accounts Payable,$18,21,23,28,30]]$

Assuming that Castle View currently does not have any working capital invested in this division, calculate the cash flows associated with changes in net working capital for the first five years of this investment.

$($Note: Enter decreases as negative numbers.$)$

The increase in net working capital for year $1$ is $ million.?

Net working capital $($NWC$)$ in this problem is the sum of Cash, Accounts Receivable, and Inventory $($Lines $2,3,$ and $4)$ less Accounts Payable $($Line $5).$ The change in net working capital is the difference in the net working capital from year to year:

Change in NWC in Year $t$ equals NWC Subscript $t$ minus NWC Subscript $t$ minus $1$ Change in $NWC$ in Year $t=NWCt-NWCt-1$

However, you need to type the cash flows associated with changes in net working capital.

Type an increase in NWC as a negative number since it represents a

reductionreduction

in cash flow available to investors.

Type a decrease in NWC as a positive number since it represents a increaseincrease

in cash flow available to investors.