CHAPTER 9: INCREMENTAL CASH FLOWS Blueberry Electronics is exploring the possibility of producing a new hand held device that will serve both as a basic PC. with internet access, and as a cell phone. Which of the following items would NOT be considered a relevant incremental cash flow for the project's analysis? The company would use raw land that it purchased several years ago for expansion of their manufacturing facilities to produce the new product, which would require canceling an agreement with a local farmer who was paying them for the use of the land during the growing season each year. b. The various costs of ramping up production of the new device if the project is accepted. c. The company's current generation product has no cell phone capability. The new product may therefore make the old one obsolete in the eyes of many consumers, thereby reducing its sales. d. Research and development funds that the company has spent in the past while working on a prototype of the new product