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Question 38 (1.25 points) Projected net working capital needs in years 1-3 for a new project are as follows: Year 1 Year 2 Year 3
Question 38 (1.25 points) Projected net working capital needs in years 1-3 for a new project are as follows: Year 1 Year 2 Year 3 Current assets $16,500 $26,500 $25,000 Current liabilities $10,000 $23,000 $16,500 If the cost of capital for this project is 10%, what is the expected change in net working capital for year 2? Note: Your answer must accurate to within one dollar. Your
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