Is this cable broken?

[John303]

I am having trouble with my black tank. It is very hard to open the valve, and the actuation feels "mushy". When I opened everything up to take a look, I see that the black outer sheath has come loose from the handle assembly. In the picture the white arrow points to the black tank cable, and you can see that the other cables have the outer sheath firmly inside the body of the handle assembly. When I pull the black tank handle the outer sheath gets pulled into the body of handle assembly, but when I push the handle the outer sheath pushes out as you see in the picture. Another symptom is that even when the handle is pushed in, there is still leakage past the valve. I may have two problems, but first...is my cable broken?