Question 6 1.5 pts After investing a year of your time and $25,000 into market research, you decided to purchase an asset for $50,000 exactly one year ago. You are debating whether to take a project that fully utilizes that asset until it is worth nothing or selling the asset at the current market price of $35,000 today. Which of the following are true: 1. Ignoring taxes or discounting, the $25,000 market research is not an incremental cost because it is sunk, but both the initial $50,000 purchase and the $35,000 sale value are incremental costs to the project under consideration. II. Ignoring taxes or discounting, if you decide not to take the project, the $25,000 you spent researching a year ago sho I factor into your decision of whether to sell the asset for $35,000. Only 1 Only 11 Neither l or 11 Both I and