You are the manager of a project that has a 28 degree of


You are the manager of a project that has a 2.8 degree of operating leverage and a required return of 14 percent. Due to the current state of the economy, you expect sales to decrease by 7 percent next year. What change should you expect in the operating cash flows next year given your sales prediction?

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Financial Management: You are the manager of a project that has a 28 degree of
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