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In evaluating the initial investment for a capital


In evaluating the initial investment for a capital budgeting project:

(a) an increase in net working capital is considered a cash inflow

(b) a decrease in net working capital is considered a cash outflow

(c) an increase in net working capital is considered a cash outflow

(d) net working capital does not have to be considered

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Financial Management: In evaluating the initial investment for a capital
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