Question 8 (3 points) Saved Which of the following is a basic principle to be followed when estimating a project's cash flows for capital budgeting purposes? O cash flows should be measured on a pretax basis cash flows should ignore depreciation because it is a non-cash charge only direct effects of a project should be included in cash flow calculations cash flows should be measured on an incremental basis the value of all resources used in an investment project should be measured in terms of their acquisition cost (i.e., purchase price or cost when obtained)