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Suppose that the managers of the router division of Cisco Systems are considering the development of a wireless home networking appliance , called HomeNet ,

Suppose that the managers of the router division of Cisco Systems are considering the development of a wireless home networkingappliance, called HomeNet, that will provide both the hardware and the software necessary to run an entire home from any Internet connection. Cisco's receivables are 15.8% of sales and its payables are 14.8% of COGS. Forecast the required investment in net working capital for HomeNet assuming that sales and cost of goods sold(COGS) will be asfollows:
Year 01234
Sales ($)23,355x 26,557x 23,915x 8,617x
COGS ($)9,595x 10,769x 9,690x 3,463x
The required investment in net working capital for year 0 is $__(Round to the nearest integer. Enter decreases as negativenumbers.)

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