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Projected net working capital needs in years 1-3 for a new project are as follows: Year 1 Year 2 Year 3 Current assets $18,000 $28,000
Projected net working capital needs in years 1-3 for a new project are as follows: Year 1 Year 2 Year 3 Current assets $18,000 $28,000 $23,000 Current liabilities $13,000 $16,000 $15,000 If the cost of capital for this project is 11%, what is the expected change in net working capital for year 2? Note: Your answer must accurate to within one dollar
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