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Which one of the following items should NOT be included in the capital budgeting calculation? The consulting cost spent three months prior to the project

Which one of the following items should NOT be included in the capital budgeting calculation?

The consulting cost spent three months prior to the project starts .

The required training in order to operate new equipment.

The price of old equipment sold which is replaced by new equipment .

The shipping cost of new machine for the project.

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