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10 of 25 Which of the following statements is FALSE? a. Opportunity costs are cash flows that a firm passes up by taking a project b. Shipping and installation costs are part of the depreciable basis of a project O c. Externalities refer to the cannibalization of sales that occurs when a new project is initiated O d. Sunk costs are developmental costs that should be considered in the capital budgeting decision Oe. Both (b) and (d) Unsure