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A company is considering a project requiring the purchase of new equipment. The firm spent $20,000 on a market assessment of months ago as well

A company is considering a project requiring the purchase of new equipment. The firm spent $20,000 on a market assessment of months ago as well as $14,000 for a feasibility study a year ago. How much of the costs should be considered in the initial outlay?

$0

$14,000

$20,000

$34,000

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