Helo Company is a no-growth firm. Its annual sales fluctuate seasonally from $1,200,000 to $1,878,912,...
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Helo Company is a no-growth firm. Its annual sales fluctuate seasonally from $1,200,000 to $1,878,912, causing its current assets to vary from $124,513 to $202,390, but fixed assets remain constant at $313,490. If the firm follows a moderate (or maturity matching) working capital financing policy, what is the most likely total amount of long-term financing (that is, long-term debt plus equity capital) to support the company's working capital requirements? Round your answer to the nearest dollar, but do not include $ in your answer, e.g., xxx,xxx.
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