Joseph and Co. is specialist in production of big ships and cruises. The company got the order of production of 10 ships with a capacity of 2,000 passengers. But the problem is that time span between the receipt of raw material and their conversion into finished goods, i.e., ship, is of two years. Thus, there is a limit to number of production each year as it is a time consuming process. Lot of staff, patience and hard work is required in this process too. State the nature of working capital requirement for Joseph and Co.