Net working capital (multiple choice):

• can be ignored in project analysis because any expenditure is normally recouped by the end of the project.

• requirements generally, but not always, create a cash outflow at the beginning of a project.

• expenditures commonly occur at the end of a project.

• is ignored in project analysis because any change in net working capital is a sunk cost.

• is the only initial expenditure where at least a partial recovery can be made at the end of a project.