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UML Inc. had an EBIT of 71,000, depreciation expense of 8,500, and paid 19,000 in taxes. Its interest costs were $9,600; its long-term borrowing reduced

UML Inc. had an EBIT of 71,000, depreciation expense of 8,500, and paid 19,000 in taxes. Its interest costs were $9,600; its long-term borrowing reduced by $4,000; it raised $6,000 in new equity; and paid $12,000 in dividends. If the net capital spending was $30,000, what was the change in net working capital?

A.

10,900

B.

9,400

C.

10,000

D.

11,200

E.

11,500

F.

10,300

G.

10,600

H.

9,700

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