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Sales for year 2 of a new project are expected to increase by 14.00%. For every dollar increase in sales, current assets are expected to
Sales for year 2 of a new project are expected to increase by 14.00%. For every dollar increase in sales, current assets are expected to increase by 21.20% and current liabilities by 6.40%. For year 2, calculate the change in net working capital as a percentage of year 1 sales.
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