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For the first quarter of the year, a company has projected sales of $4,160. Sales in the subsequent quarters are projected to increase at 11.94%

For the first quarter of the year, a company has projected sales of $4,160. Sales in the subsequent quarters are projected to increase at 11.94% per quarter. The company has a payables period of 57 days. The company purchases inventory in each quarter equal to 41% of projected sales for the following quarter. Assuming a quarter equals 90 days, how much total cash payments are made in the first quarter for inventory purchases?

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