Answer:
A. can affect the cash flows of a project every year of the project's life.
Explanation:
Working capital can be defined as the operating liquidity that is used by organisations and businesses for its operations.
Working capital is calculated as current assets less current liabilities. So it determines the cash flow that is used in projects.
A company may have assets that is not easily converted to cash, they will have low level of working capital. Positive working capital is when a business has sufficient liquid assets to meet short te obligations and continue its normal operations.