Which of the following constitutes an example of a cost that is not relevant in an accept/reject decision in capital budgeting analysis?

a. A firm has a parcel of land that can be used for a new plant site, or alternatively, can be used to grow watermelons.

b. A firm can produce a new cleaning product that will generate new sales, but some of the new sales will be from customers who switch from another product the company currently produces.

c. A firm orders and receives a piece of new equipment which is shipped across the country and requires $25,000 in installation and setup

d. All of the above are relevant cash flows

e. None of the above.

Group of answer choices

b only

c only

d only

e only

a only