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Which of the following is not (or are not) considered cash flows of a project? I. Taxes II. Financing costs III. Opportunity costs IV. Sunk

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Which of the following is not (or are not) considered cash flows of a project? I. Taxes II. Financing costs III. Opportunity costs IV. Sunk costs a) II and IV only b) I, II, and IV only c) III and IV only d) I and II only e) I and IV only

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