Brady Singer, Inc. is considering a new project that will require an increase in net working capital of $$3,450.$ The net working capital will be recovered at the end of the life of the project.$$ Based on this information, which of the following is true?

$$

I.$$At the beginning of the project, $-$$$3,450$ will be added into the cost of the project

II$.$ In the last year of the project $($terminal year$),+$$$3,450$ will be added into total cash flow in the terminal year.

III.$$ Cash flows will not be affected by the increase in net working capital

Multiple Choice

I only

I and II

III only

II only