• 2022-06-08
    Which of the following statement is not true?
    A: The initial investment in working capital is a cash outflow at the ending of the project for items such as inventories
    B: Working capital is recaptured at the end of the project when working capital is no longer required
    C: Depreciation is not a current cash outflow.
    D: Discounted cash flow methods automatically provide for a return of the original investment, thereby making a deduction for depreciation unnecessary