24 Question 24 Which of the following statements is CORRECT? A. A sunk cost is any cost that must be expended in order to complete a project and bring it into operation. B. A sunk cost is any cost that was expended in the past but can be recovered if the firm decides not to go forward with the project. C. A sunk cost is a cost that was incurred and expensed in the past and cannot be recovered if the firm decides not to go forward with the project. D. A good example of a sunk cost is a situation where Home Depot opens a new store, and that leads to a decline in sales of one of the firms existing stores. E. none of the above is corrrect