Problem: All of the following are anticipated effects of a proposed project. Which of these should be included in the initial project cash flow related to net working capital?
(I) an inventory decrease of $5,000
(II) an increase in accounts receivable of $1,500
(III) an increase in fixed assets of $7,600
(IV) a decrease in accounts payable of $2,100
A. I and II only
B. I and III only
C. II and IV only
D. I, II, and IV only
E. I, II, III, and IV