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What is a sunk cost? Is it relevant while evaluating a proposed capital budgeting project? Explain.
A sunk cost is a cash flow which has previously occurred, or that will take place, if a project is accepted or rejected. It is not relevant while evaluating a proposed project.
Reacher Technology has consulted with investment bankers and determined the intere Reacher Technology has consulted with investment bankers and determined the interest rate it woul
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