Changes in the Net Working Capital

Multiple Choice

Changes in the net working capital:

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) are included in project analysis only if they represent cash outflows.
D) are generally excluded from project analysis due to their irrelevance to the total project.
E) can only affect the initial and the final cash flows of a project.