What are the relevant cash flows? In the capital budgeting analysis of this low

$-$

price, low

$-$

calorie soda project, how shall we treat:

$$a

$.$

$$the consultant

$$

s market study cost?

$$b

$.$

$$the potential rental value of the unoccupied annex?

$$c

$.$

$$the interest charges?

$$d

$.$

$$working capital?