A Project's Cash Flow Is Equal to the Project's Operating

Multiple Choice

A project's cash flow is equal to the project's operating cash flow:

A) plus the project's depreciation expense minus both the project's taxes and capital spending.
B) minus both the project's change in net working capital and capital spending.
C) minus the project's change in net working capital plus all of the depreciation expenses.
D) plus the project's depreciation expenses minus the project's taxes.
E) minus the project's taxes.