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Which of the following is not relevant in a capital budgeting analysis because it is not an incremental cash flow? a. Externalities b. Shipping and

Which of the following is not relevant in a capital budgeting analysis because it is not an incremental cash flow?

a.
Externalities

b.
Shipping and installation costs associated with the purchase of a capital budgeting project

c.
Changes in the firm's net working capital

d.
Salvage value of a capital budgeting project

e.
Purchase price of a capital budgeting project

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