. Favourite Foods Ltd. is presently operating at 50 % level producing 48,000 packets of potato chips and proposes to increase capacity utilisation in the coming year by 50% over the existing level of production. The following data has been provided: (i) The unit cost structure is as follows: Raw material Rs.6 Wages(Variable) Rs.3 Variable Overheads Rs.3 Fixed Overhead Rs.1.5 (ii) Raw materials will remain in stores for 1 month before being issued for production. Material will remain in process for further 1 month. Suppliers grant 3 months credit to the company. (iii) Finished goods remain in godown for 1 month. (iv) Debtors are allowed credit for 2 months.(to be calculated on cost basis) (v) Lag in wages and overhead payments is 1 month and these expenses accrue evenly throughout the production cycle. (vi) There will be no increase either in cost of inputs or selling price. Prepare a projected working capital requirement at the new level, assuming that a minimum cash balance of Rs. 23,000 has to be maintained.