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When calculating the initial investment associated with a capital budgeting project: Select one: a. an increase in net working capital is treated as a cash
When calculating the initial investment associated with a capital budgeting project:
Select one:
a. an increase in net working capital is treated as a cash inflow.
b. a change in net working capital is not relevant.
c. a decrease in net working capital is treated as a cash outflow.
d. an increase in net working capital is treated as a cash outflow.
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