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ABC Co is considering a new product line which will require additional inventory costing $120,000. Accounts payable will increase by $82,000 as suppliers are willing

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ABC Co is considering a new product line which will require additional inventory costing $120,000. Accounts payable will increase by $82,000 as suppliers are willing to finance a portion of these purchases. Accounts receivable are currently $60,000 and are expected to increase by 20% if this project is accepted. Once the project is initiated, the net working capital is expected to increase at a rate of 15%. What is the year 3 investment needed in net working capital for the new product line? $11,109 X $39,543 $9.919 $9,660 $8,625

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