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A group of undergraduates has raised and spent $ 5 million developing a business thus far. Another $ 1 million has to be spent to
A group of undergraduates has raised and spent $ million developing a business thus far. Another $ million has to be spent to finish the business. Once the business is fully developed, the group could sell the business for $ million. In considering whether or not proceeding with the business is going to be profitable, which amounts of money are relevant?
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a The $ million cost to finish the business
b The $ million value of the finished business
c The $ million cost to finish the business and the $ million value of the finished business
d The $ million already invested in developing the business
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