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Sunk costs include any cost that: will change if a project is undertaken. will be incurred if a project is accepted. has previously been incurred

Sunk costs include any cost that:

will change if a project is undertaken.

will be incurred if a project is accepted.

has previously been incurred and cannot be changed.

will be paid to a third party and cannot be refunded for any reason whatsoever.

will occur if a project is accepted and once incurred, cannot be recouped.

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