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20. Which one of the following costs was incurred in the past and cannot be recouped? A. incremental B. sunk C. opportunity D. erosion 21.

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20. Which one of the following costs was incurred in the past and cannot be recouped? A. incremental B. sunk C. opportunity D. erosion 21. To compute the operating cash flow for a project, we should NOT consider which one of the following? A. taxes B. variable costs C. fixed costs D. interest expense E. depreciation tax shield

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