Sales for year 2 of a new project are expected to increase by 16.00%. For every dollar increase in sales, current assets are expected to increase by 23.20% and current liabilities by 7.40%.For year 2, calculate the change in net working capital as a percentage of year 1 sales.

Question 12 options:

2.46%

2.53%

2.59%

2.65%

2.72%