1. The general milk company is currently evaluating the NPV of establishing a line of chocolate milk. As part of the evaluation, the company had paid a continuing firm $100,000 to perform a test marketing analysis. The expenditure was made last year. Is this cost sunk or opportunity cost? a. SUNK COST b. OPPURTUNITY COST Question 27 Not yet answered Marked out of 1 P Flag question 31. Which of the following is a key outcome for directors of companies that have obtained full listing? a. They have far greater freedom to pay dividends. b. Their room for discretion regarding dividend payments is restricted. C. Listing increases the company's cash flow. d. They have far greater freedom to borrow funds