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The following table tracks the main components of working capital for a single project that starts in 2016 and ends 2020. You'll see net working capital changes each year of the project. Calculate the cash flows due to changes in net working capital. Note: Cash outflows should be indicated by a minus sign 2016 2017 2018 2019 2020 Accounts 225,000 0 150,000 190,000 0 receivable Inventory 75,000 130,000 130,000 95,000 0 Accounts 25,000 50,000 50,000 35,000 0 payable 2016: 100,000 2017: 330,000 2018: 405,000 2019: 320,000 2020: 0 2016: -50,000 2017:-180,000 2018: -75,000 2019: 55,000 2020: 250,000 2016: -75,000 2017: -130,000 2018: -130,000 2019: -95,000 2020: 0 2016: 50,000 2017: 230,000 2018: 305,000 2019: 250,000 2020: 0 Free cash flow (FCF) and net income differ in the several ways including which of the following? Net income may include an interest expense; free cash flow is calculated assuming no debt. The net income calculation deducts various noncash expenses including depreciation; the FCF calculation only considers cash flows. Capital expenditures do not appear immediately and in total in the net income calculation; however, they do in the free cash flow calculation. Net income recognizes revenue at the time of sale; FCF recognizes the cash flow when payment is received