Question
When evaluating a new project, a firm should consider _____, as an incremental cash flow occurs only at the start of a project's life. a.
When evaluating a new project, a firm should consider _____, as an incremental cash flow occurs only at the start of a project's life.
| a. | sunk costs | |
| b. | opportunity costs | |
| c. | externalities | |
| d. | initial investment outlay | |
| e. | feasibility study cost |
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
10th Edition
0030329922, 9780030329920
