Question 25 3 points Save Answer When conducting a capital budgeting analysis, if a capital expenditure requires an initial expenditure of working capital (there will be a decrease in the company's net working capital), how and where do you take that cash flow into account? 4 As a cash outflow as part of the initial investment and a cash inflow as part of the terminal cash flow. 2. As a cash outflow as part of the operating cash flows each and every period. 3. As a cash outflow as part of the terminal cash flow only. 4. As a cash outflow as part of the initial investment only