Albrecht Inc.is a no-growth firm whose sales fluctuate seasonally, causing total assets to vary from $320, 000 to $410, 000, but fixed assets remain constant at $260, 000.If the firm follows a maturity matching (or moderate)working capital financing policy, what is the most likely total of long-term debt plus equity capital?

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Minimum total assets = FA + Min.CA = $320, 000 = LT Debt + Equity
A maturity matching policy implies that fixed assets and permanent current assets are financed with long-term sources.This is its most likely level of long-term financing.