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    Fundamentals of Financial Management Study Set 1
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    Exam 12: Cash Flow Estimation and Risk Analysis
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    Changes in Net Operating Working Capital Should Not Be Reflected
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Changes in Net Operating Working Capital Should Not Be Reflected

Question 40

Question 40

True/False

Changes in net operating working capital should not be reflected in a capital budgeting cash flow analysis because capital budgeting relates to fixed assets,not working capital.

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