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Tumaini Youth Group started their business on 1st May 2014. On the same day, they bought a van for Ksh. 450,000, bought a business stall for Ksh. 200,000 and purchased a stock worth Ksh1, 500, 000. They did not pay full for the stock and still owe Ksh.104,000. They had borrowed Ksh. 150, 000 from BKB Bank on the same day. After all these transaction, the company was left with Ksh. 40, 000 cash in hand and Ksh. 11, 000 cash at bank. Calculate the amount of capital for the group as at 1st May 2014.
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