Question: A new project will increase accounts receivable by $19,000, increase accounts payable by $4,000, increase PP&E by $27,000, and increase inventory by $2,000. What is

A new project will increase accounts receivable by $19,000, increase accounts payable by $4,000, increase PP&E by $27,000, and increase inventory by $2,000. What is the amount the firm should use as the initial cash flow attributable to net operating working capital only when it analyzes this project?

a. -17000

b. -13000

c. -48000

d. -38000

e. -21000

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