Wilson, Inc.s assets consist only of current assets and net plant and equipment. The firm has total assets of $4 million and has net plant and equipment of $2.75 million. The long-term debt is $1 million, and notes payable total $300,000. Total common equity is $1.75 million with the remainder of the balance sheet funding coming from accounts payable and accruals. With this information, answer the following:

What is the firm's net operating working capital?

$0.3 million

$0.7 million

($0.3 million)

($0.7 million)