When Projecting Future Cash Flows of an Investment, Which of the Following

Multiple Choice

When projecting future cash flows of an investment, which of the following is TRUE?

A) Cash flow data must also include non-cash transactions like depreciation.
B) Cash inflows and cash outflows are treated separately, rather than being netted together.
C) Cash flows are typically projected by accounting personnel without input from other business functions.
D) The initial investment is always treated separately from all other cash flows.