Question
A three-year project required an initial NWC of $50,000. The NWC increases to $60,000 in year one, decreases to 40,000 in year two, fully recovered
A three-year project required an initial NWC of $50,000. The NWC increases to $60,000 in year one, decreases to 40,000 in year two, fully recovered in year three (even if it doesnt say fully recovered you assume it is). Calculate the increases in NWC in years one, two and three.
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
