Which of the following is not a relevant cash flow when estimating the incremental cash flows for a new hospital service?

Select one:

a. The value of floor space needed for the project.

b. Revenues from an existing service that would be lost as a result of the new service.

c. Shipping and installation costs associated with the new service.

d. The cost of a consultant's report (concerning the feasibility of the service) completed (and paid for) in the previous year.

e. An increase in inventory costs that would result if the project is undertaken.