You are setting up cash flows to do capital budgeting for a new project to manufacture smart dog leashes. You have been toying with this idea for a couple of years. Which of the following cash flow should not be included in your analysis?

		The cost of microchip embedded in the leash.
		The cost of housing and feeding your dog in the testing phase of the project. The dog will officially beta-test the first batch of your product for quality and security.
		The cost to run trials on actual dogs two years ago to see if they liked wearing smart leashes.
		The value of the genuine leather used as decorative piece on these synthetic leashes. The leather used for this piece will come from the scrap leftover pieces of leather from your shoe factory that are currently sold to arts & crafts makers.