Cash flow analysis of a new product

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Out of the following items which should NOT be included in the cash flow analysis of a new product?

I..Reduction in sales for a current product once the new one is introduced

II..Money spent for research and development of the new product

III. Increase in accounts receivable needed to finance sales of the new product

IV. .Market value of a machine owned by the firm which will be used to produce the new product

Reference no: EM132070081

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