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Eastern Shroud Corp. has recently invested in a new project that is expected to generate 3777 units in new sales each year for the next
Eastern Shroud Corp. has recently invested in a new project that is expected to generate 3777 units in new sales each year for the next 7 years . Each unit is expected to sell for $59 per units and costs $37 per unit to procedure . The project requires an additional investment in networking capital equivalent to 9% of next year projected sales. How much the corporation invest in net working capital at the project initial outset ( i.e at time 0) ? Submit amswers in dollars
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