Please find the below attached question and give the answer properly.

5. From the following projections of XYZ and Ltd for the year 2020, you are required to determine the working capital required by the company. Annual Sales Rs. 14,40,000 Cost of Production (including depreciation Rs. 1,20,000), Rs. 12,00,000 Raw Material purchase Rs. 7,05,000 Monthly expenditure Rs. 30,000 Estimated opening stock of raw material Rs. 1,40,000 Estimated closing stock of raw material Rs. 1,25,000 Inventory norms: Raw material 2months, WIP 0.5 months, and finished good 1 month The firm enjoys a credit of 0.5 months on its purchases and allows 1 month credit. On sales orders, the company receives an advance of Rs. 15000. You may assume that production is carried out evenly throughout the year and minimum cash requirement to be maintained is Rs. 35000