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Covol industries is developing the relevant cash flows associated with the proposed replacement of an existing machine tool with a new; technologicaly advanced one. Given
Covol industries is developing the relevant cash flows associated with the proposed replacement of an existing machine tool with a new; technologicaly advanced one. Given the following costs related to the proposed project, explain whether each would be treated as a sunk cost or an opportunity cost in developing the relevant cash flows associated with the proposed replacement decision.
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