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Investments in net working capital only affect the initial cash flows of a project. are included in project cash flows only if they represent cash
Investments in net working capital
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only affect the initial cash flows of a project.
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are included in project cash flows only if they represent cash outflows.
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can affect the project cash flows every year of the project's life.
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affect the initial and the final cash flows of a project but cannot affect the cash flows of the middle years.
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are generally excluded from project cash flows because they are usually irrelevant to the investment decision.
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