When conducting an incremental analysis, how do the costs of past repairs and future repairs impact the retain-or-replace decision? Select answer from the options below The cost of past repairs is irrelevant because they are sunk costs, but the cost of future repairs is relevant because they impact anticipated net income. Both the cost of past repairs and the cost of future repairs are relevant because they represent quantitative factors that directly affect net income. Neither the cost of past repairs nor the cost of future repairs is relevant because they represent qualitative factors that cannot be measured in an incremental analysis. The cost of past repairs is relevant because they impact anticipated net, but the cost of future repairs is irrelevant because they are opportunity costs