Joe is preparing a plan to submit to the venture capitalists to fund his business healdrug. He plans to spend 3.8Lacs on equipment in 1^st qtr of 2022. Salaries and operating expenses will be Rs.35000 p.m. beginning in January 2022. And will continue at the level thereafter. Healdrug will get its first revenue at January 2023 with cash collections averaging at Rs.30000 p.m. for all of 2023. IN jan 2024, cash collections are expected to increase to Rs.100,000 p.m and will continue at that level thereafter. Assume that the company needs enough funding to cover all its cash needs until cash receipts start exceeding cash disbursements, how much venture capital funding should Healdrug seek?