A firm is considering investing in a project to create a new type of long lasting battery. Their analysis will build a capital budgeting model of the project, and will analyze it using the usual measures (NPV, IRR, etc.) To generate the cash flows of this model, which of the following should be included:

- Over the last year the firm has invested heavily in research and development of the battery technology. [ Select ] ["Yes", "No"]

- Sales of the new battery would likely cause an increase in sales of the firm's already popular flashlight. [ Select ] ["Yes", "No"]

- To build a new facility where the batteries would be manufactured, the firm plans to raise capital by selling bonds. They would then pay interest on this debt throughout the battery project. [ Select ] ["Yes", "No"]

- The first year the project would probably generate an operating loss, which would in turn generate a tax credit. [ Select ] ["Yes", "No"]

- The accountants propose that the new facility and machines purchased to produce the battery should be depreciated using the relevant MACRS tables. [ Select ] ["Yes", "No"]