Net working capital:$$

can be ignored in project analysis because any expenditure is normally recouped at the end of the project.$$

is the only expenditure where at least a partial recovery can be made at the end of a project.$$

can create either an initial cash inflow or outflow.$$

is rarely affected when a new product is introduced.$$

requirements, such as an increase in accounts receivable, create a cash inflow at the beginning of a project