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Suppose that Linksys is considering the development of a wireless home networking appliance, called HomeNet,...

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Finance

Suppose that Linksys is considering the development of a wireless home networking appliance, called HomeNet, that will provide both the hardware and the software necessary to run an entire home from any Internet connection. Linksys's receivables are 15.3% of sales and its payables are 14.4% of COGS. Forecast the required investment in net working capital for HomeNet assuming that sales and cost of goods sold (COGS) will be as follows:

Year

0

1

2

3

4

Sales

$23,351

$26,552

$23,682

$8,371

COGS

$9,440

$10,734

$9,574

$3,384

.

The required investment in net working capital for year 0 is $ (Round to the nearest dollar.)

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