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I'm confused by this question because I feel like there could be more than one answer. Would really appreciate any help. Thx! Which of the

I'm confused by this question because I feel like there could be more than one answer. Would really appreciate any help. Thx!

Which of the following is not relevant in a capital budgeting analysis because it is not an incremental cash flow?

Changes in the firm's net working capital

Externalities

Shipping and installation costs associated with the purchase of a capital budgeting project

Purchase price of a capital budgeting project

Salvage value of a capital budgeting project

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