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In capital budgeting, opportunity costs are considered to be part of a project's: a) Opportunity costs are irrelevant to capital budgeting b) Operating cash flow

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In capital budgeting, opportunity costs are considered to be part of a project's: a) Opportunity costs are irrelevant to capital budgeting b) Operating cash flow c) Terminal cash flow d) Initial investment A machine has a useful life of 23 years and costs $5.4 million. If the residual value is zero, then after 8 years, what will be the net book value of the machine? a) $1.878 million b) |$3.522 million c) $5.400 million d) $2.735 million

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