A corporation is considering producing and selling a new product a toy ring that can project three-dimensional holographic images of Disney characters. To determine if kids would want to buy the new toy, the company conducted a test market costing $20,000. The market tests were positive, indicating the toy would be well-received by children in the 3-12 year old age bracket. The cost has been expensed for tax purposes. In the capital budgeting analysis of this project, the cost of the market test should be Select one: a. omitted since it represents a sunk cost. b. treated as an outflow since it represents an opportunity cost. c. None of these are correct. d. treated as an outflow since it represents an actual cost incurred by the company. A new project will require an increase in operating current assets of $15.000, and an increase in operating current liabilities of $12,000. It is assumed that at the end of the project's life, these items will be recovered to in the terminal cash flow section of the project cash flows (ie. CuteProject), the net etfect of these items would be shown as: Select one: a. a cash inflow of $3,000 b. a cash outflow of $3,000 c. a cash inflow of $27,000 d. a cash outflow of $27,000