1. Question 3

   1 Point

   Which of the following is an opportunity cost that should be considered in capital budgeting process?

   1. A vacant land next to the company's plant that cannot be rented because the company doesn't want another business on its property.

   2. An equipment that the company doesn't use and doesn't plan to use but can be sold for $100,000.

   3. A business' brand name to be used on the new project. The brand name is worth $5 million but cannot be sold because it it vital to the business itself.

   4. The CEO's salary.