Changes in the Net Working Capital

question 20

Multiple Choice

Changes in the net working capital:

• A) can affect the cash flows of a project every year of the project's life.
• B) only affect the initial cash flows of a project.
• C) are included in project analysis only if they represent cash outflows.
• D) are generally excluded from project analysis due to their irrelevance to the total project.
• E) affect the initial and the final cash flows of a project but not the cash flows of the middle years.

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Definitions:

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