Hunter Industries is evaluating a capital budgeting project and has come across a few issues that require special attention. classify each item as a sunk cost, externality, opportunity cost, or a change in net operating working capital (NOWC). Then, in the last column, indicate whether the item should be included in the project's analysis or not.

The options are: Sunk Cost, Opportunity Cost, Externality, or Change in NOWC.

1) The new project is expected to reduce sales revenue for one of the company's other product lines.

2) The factory that the project will use could be used for another project that is expected to have a slightly positive net present value (NPV)

3) Hunter spent nearly $1.1 million in market research to devleop new product ideas

4) Many of the new sales from this project will be made on credit, causing accounts receivable to increase

5) The project will use some equipment that the firm owns but isn't using currently. However, a used equipment dealer has offered to buy the equipment

Then should any of the above - Include in the Analysis?

Thank you!!!