People Products, Inc., has concerns about managing cash efficiency. Their averages are 90 days for inventories, accounts receivable are collected in 45 days, accounts payable are 40 days after they arise, annual sales are $50 million, goods sold total $25 million and purchases are $10 million. How much cash is tied up in working capital? (Hint: figure out how much is in inventory, a/r, and a/p and use a 365 day year)

(Round to the nearest dollar and do not enter a dollar sign)