You have just taken over as the chief of finance for an NGO and you are concerned that the amount of cash on hand is inadequate to support the mission. You believe that the value of both the inventory and accounts receivable are too high. The average balances and average age are as follows: (see table)

Having examined both the organizations inventory management systems and collection processes, you have determined new targets for average age of both assets. If you achieve these targets, how much additional cash will be provided for the organization?

\begin{tabular}{|l|c|c|c|} \hline \multicolumn{1}{|c|}{ Account } & Average Balance & Average Age (Days) & Targeted Age (Days) \\ \hline Accounts Receivable & $12,850,000 & 175 & 120 \\ \hline Inventory & $6,034,000 & 90 & 15 \\ \hline \end{tabular}