In the context of estimating cash flows for an investment project, an upfront (ie, at year 0) investment in working capital Select one: a. would be written off as an operating expense in year 1 (not year 0) O b. would be written oft as an operating expense at year 0 Oc. would be depreciated over the life of the project Od would be ignored (i.e., would not factor into the analysis of the project) Oe. none of the other choices here are correct