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Which of the following criteria is NOT taken into consideration when analyzing a possible replacement project? The depreciation associated with the old and potential replacement

Which of the following criteria is NOT taken into consideration when analyzing a possible replacement project?

The depreciation associated with the old and potential replacement investment.

The cashflows the current project has generated in the past.

The sunk cost associated with the original project.

The discounted cash flows from the old and potential replacement investment.

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