When we calculate a project's free cash flows, how should we build in net working capital? We should ignore net working capital because it is not an actual cash outflow. We should subtract the firm's total NWC, because the represents the amount of money "tied up" in operating projects after the new project is selected. o We should ignore net working capital because it is generally fully "recoverable" at the end of a project. We should subtract the change in NWC, as this represents cash that is newly tied up or "invested" to support operating the project. We should subtract the change in NWC, because this represents that cash payments made to purchase Inventory for the project