8. A long-term investment project contains the following time 0 cash flows: Increase in Property, Plant & Equipment = $45,000, increase in Inventory = $25,000, increase in Accounts Receivable = 20,000, and increase in Accounts Payable = $25,000. The increase in net working capital is: a) $25,000 b) $30,000 c) $70,000 d) $35,000 e) $20,000 9. Which of the following is a shortcoming of using the internal rate of return? a) Often rejects projects with positive NPV b) Often accepts projects with negative NPV c) Projects may have more than one IRR d) all of the above 10) Which of the following items is NOT included in project cash flows? a) Operating Income b) Interest Expense c) Capital expenditures d) Net working capital investments e) All of the above are included in project cash flows