Which of the following statements is CORRECT? (select all that apply) Sunk costs are the costs associated with "the road not taken". They represent the alternative cost of an asset if that asset were not already owned by the firm; therefore, these costs should be included in the capital budgeting analysis. Having the ability to abandon a project can reduce a project's risk. Externalities can be either negative or positive, but they should be correctly accounted for in a project's cash flows when evaluating that project. Having the ability to abandon a project can increase a project's expected net present value