QUESTION 12 Which of the following would qualify as a sunk cost? salaries paid to the project's managers via a contractual agreement the fixed cost of a warehouse required for the project's output the cost of the analysis of the suitability of property for the project all of the above are considered sunk costs QUESTION 13 An increase in depreciation expense is ignored in calculating ANOCFt since it is a noncash expense reduces taxes payable decreases net operating cash flow all of the above