I have attached aword docof 3 questions I am having difficulty answering. Please provide answers within the attached document. Preferably, I would like the answers to be original, nothing that can be retrieved online.

1. Each of the following statements is true. Explain why they are consistent. a. When a company introduces a new product, or expands production of an existing product, investment in net working capital is usually an important cash outflow. b. Forecasting changes in net working capital is not necessary if the timing of all cash inflows and outflows is carefully specified. 2. Some people believe firmly, even passionately, that ranking projects on IRR is OK if each project's cash flows can be reinvested at the project's IRR. They also say that the NPV rule "assumes that cash flows are reinvested at the opportunity cost of capital." Think carefully about these statements. Are they true? Are they helpful