You are provided with the following figures of Cell Ltd.

Sales for the year Tshs 3,375,000

Percentage of costs to sales

Direct Material costs 35%

Direct Labour costs 20%

Variable overheads 15%

Fixed overheads Tsh 337,500

Selling and distribution expenses 7%

Normally,

(a) Receivables are outstanding for two months on an average.

(b) Raw materials remain in inventory for two months.

(c) Work-in-progress is equivalent to three months worth of half produced goods.

(d) Finished goods represents one month's production

(e) Credit period available is as follows

Direct Materials 3 months

Direct Labour 2 weeks

Variable overheads 1 month

Fixed overheads 1 month

Selling and distribution 0.5 month

Note: work-in-progress and finished goods are valued at material, labour and variable expense cost.

REQUIRED:

Calculate the working capital requirement of Cell Ltd.