Which of the following statements is most correct?
A. In a typical DCF model, there is a large capital expenditure inflow taking place at the end of the investment horizon, when the project liquidates assets.
B. If a capital expenditure is needed between the start and the end of an investment project, it must be considered as an operating expense.
C. Most often, there is no need to consider captital expenditure because most companies can use existing assets to run many projects at the same time.
D. A capital expenditure will only take place at the start and at the end of an investment project.
E. A capital expenditure is always an outflow.
