Question
Paul earns $60,000 as an engineer, and he is considering quitting his job and going to graduate school. This $60,000 should be treated as a
Paul earns $60,000 as an engineer, and he is considering quitting his job and going to graduate school. This $60,000 should be treated as a __________ if Paul runs an NPV analysis of his graduate degree. a. sunk cost b. opportunity cost c. fixed cost d. cannibalization cost
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Financial Accounting Theory
Authors: Craig Deegan
3rd Edition
0070277265, 978-0070277267
