40000刀的networking capital 为什么不需要折旧
问题如下图：
选项：
A. 
B. 
C. 
解释：
NO.PZ2016012005000004问题如下StanrCorporation is investing $400,000 of fixecapitin a projethwill preciatestraight-line to zero over its ten-yelife. Annusales are expecteto $240,000, anannucash operating expenses are expecteto $110,000. investment of $40,000 in net working capitis requireover the project’s life. The corporate income trate is 30 percent. Whis the after-toperating cash flow expectein yeone? A.$63,000. B.$92,000. C.$103,000. C is correct.The annupreciation charge is $400,000/10 = $40,000. The after-toperating cash flow in Ye1 shoulbe= (S – C – (1 – T) + (240,000 – 110,000 – 40,000)(1 – 0.30) + 40,000= 63,000 + 40,000 = $103,000我算的是=（240000-110000-40000）*0.7+40000-40000
NO.PZ2016012005000004 这道题的WC是只在第一年需要加还是说每一年都要加进去？
助教老师 investment of $40,000 in net working capitis requireover the project’s life. 这个题干中的给法，是说over the life 而不是在项目之初，是指每年都会需要投入一笔吗，为何在每年计算现金流的时候不需要考虑呢？
