Alpha Ltd. applies for loan (cash credit) from your bank.

Following data relates to Alpha Ltd :

Sales Revenue for year 15,00,000

Cost of percentage of sales :

Direct-Materials 30%
Direct labour 25%
Variable overheads 10%
Fixed overheads 15%
Selling and distribution 5%

Average statistics relating to working capital are as follows :

-Receivables take $2\frac{1}{2}$months to pay.
-Raw materials are in inventory for 3 months.
-Work in process represents two months half produces goods.
-Finished goods represent one month's production.

- Credit is taken.

Materials 2 months
Direct labour 1 week
Variable overheads 1 month
Fixed overhead 1 month
Selling and Distribution $\frac{1}{2}$month

-Work in process and finished goods are valued at the cost of material, labour and variable expenses.
-Assume that the labour force is paid for 50 working weeks in each year.

Required : Calculate the working capital Requirement for Alpha Ltd.