Net initial investment includes ________. (Multiple Choice)

Net initial investment includes ________.
A) depreciation on new equipment, cash outflow for working capital, and after-tax cash inflow from disposal of the old equipment
B) cash outflow to purchase new equipment, depreciation on new equipment, and after-tax cash inflow from disposal of the old equipment
C) cash outflow to purchase new equipment, cash outflow for working capital, and after-tax cash inflow from disposal of the old equipment
D) cash outflow to purchase new equipment, cash outflow for working capital, and depreciation on new equipment