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Which of the following are relevant cash flows to include in the capital budgeting process? i. Sunk costs ii. Opportunity costs iii. Project externalities/cannibalization iv.

Which of the following are relevant cash flows to include in the capital budgeting process?

i. Sunk costs

ii. Opportunity costs

iii. Project externalities/cannibalization

iv. Net working capital

A.

i Only

B.

iv Only

C.

ii, iii, and iv

D.

i, ii, iii, and iv

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