5 points Save Answg Which of the following statements is CORRECT? 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 a project 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 b.with the project. A sunk cost is any cost that must be expended in order to complete a project and bring it into operation. 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 d. of the firm's existing stores, Sunk costs were formerly hard to deal with, but once the NPV method came into wide use, it became possible to simply e. include sunk costs in the cash flows and then calculate the project's NPV. C