Net working capital is 1500000 additional net working


Net working capital is 1,500,000; additional net working capital investments each year(starting in year 1) equal to 15% of the projected sales increase for the following year. Decreases in sales will result in recovery of net working capital equal to 15% of the projected sales decrease for the following year. How do you set this up in a single formula?

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Financial Management: Net working capital is 1500000 additional net working
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