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Which of the following is NOT a relevant cash flow and thus should not be reflected in the analysis of a capital budgeting project? a.

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Which of the following is NOT a relevant cash flow and thus should not be reflected in the analysis of a capital budgeting project? a. Cannibalization effects. b. Opportunity costs. c. Shipping and installation costs. d. Changes In net working capital. e. Sunk costs that have been expensed for tax purposes

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