Question
A project is expected to increase revenue in year 1 by $30 million, increase revenue in year 2 by $40 million, and increase revenue in
A project is expected to increase revenue in year 1 by $30 million, increase revenue in year 2 by $40 million, and increase revenue in year 3 by $55 million. Historically the firm's working capital to revenue ratio is 5%. What is the expected increase in working capital in year 2?
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
