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In a given quarter, a company buys inventories from suppliers in an amount equal to 50% of the following quarter's forecasted sales. Sales of the

In a given quarter, a company buys inventories from suppliers in an amount equal to 50% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $27,150. The company has a payables period of 90 days. Sales of the second quarter are projected to increase at 25.50% from the first. Total wages, taxes, and other expenses are projected to equal 10.50% of the projected sales. The dividends and interest payments are projected to be $149 per quarter. Assuming a quarter of 90 days, what is the company's total cash payments in the first quarter?

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