Kurt's Kite Company, Inc. had Net Income of $640,000 last year. They have interest expense of $76,000 and a tax rate of 35%. The firm did not have any deprecation during the year. If the firm bought $129,000 worth of fixed assets and did not sell any. The firm has CFFA of $570,385. If their current NWC is $78,000, how much was last year NWC?
- A.$32,889
- B.$45,615
- C.$61,385
- D.$41,892