Question: A project under consideration by Bizet Co. will require the purchase of machinery for $50,000 and additional inventory for $15,000? Accounts receivable will increase by

A project under consideration by Bizet Co. will require the purchase of machinery for $50,000 and additional inventory for $15,000? Accounts receivable will increase by $12,000 and accounts payable by $14,000. Liability insurance will increase by $2,500 per year and utilities expense by $1,500 per year. What is the investment in working capital required by this project?

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