Multiple Choice
Which of the following statements regarding investment in working capital is incorrect?
A) investment in working capital, unlike investment in plant and equipment, represents a positive cash flow.
B) the cash flow is measured by the change in working capital, not the level of working capital.
C) the working capital may change during the life of the project.
D) working capital is recovered at the end of the project.
Correct Answer:
Verified
Correct Answer:
Verified
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