When Compiling the Relevant Cash Flows for a Project,the After-Tax

Multiple Choice

When compiling the relevant cash flows for a project,the after-tax value of any asset sold any time during the life of the project should be treated as a

A) cash outflow at Time 0.
B) change in net working capital.
C) reduction in the cash flow for Time 0.
D) cash flow in the last year of the project.
E) cash flow in the year of sale.