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W&M is considering a project that will require additional inventory of $ 2 8 , 9 4 0 and will decrease accounts payable by $

W&M is considering a project that will require additional inventory of $28,940 and will decrease accounts payable by $53,710. Accounts receivable is currently $297,000 and is expected to decrease by 7 percent if this project is accepted. What is the project's initial cash flow from changes in net working capital?
$45,560
$58,750
$49,270
$61,860
$54,940

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