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At the end of the first year of a project, net working capital stood at $100,000. In the second year of a project, inventories increased by $12,000, accounts payable increased by $2,000, and accounts receivable remained the same. During the third year of the project, inventories increased $14,000, accounts receivable decreased by $4,000, and accounts payables increased by $6,000. Calculate the net working capital at the end of the third year.
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