Changes in the Net Working Capital Requirements

Multiple Choice

Changes in the net working capital requirements:

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) only affect the cash flow at time zero and the final year of a project.
D) are generally excluded from project analysis due to their irrelevance to the total project.
E) reflect only the changes in the current asset accounts.