Which of the following factors should beincludedin the cash flows used to estimate a project's NPV?

A. Costs incurred on beta version of the product launched last year.

B. Expenditures that will be incurred for future follow-up product development.

C. Tax payment on profits made from selling equipment at the end of the project.

D. Tax savings frominterest payments.

E. Cannibalization effects on competitors' products in development stage