e$)$ Preparing cash flow feasibility report for

$2.$ Which investment can be given as an example of replacement investment?

a$)$ Starting up a new restaurant

b$)$ Making the maintenance the all machinery and equipment of a textile factory

c$)$ Buying the $\%50$ stock of the major supplier company to meddle the management of this supplier company.

d$)$ Installing an ERP system to company management system to increase the productivity of management

e$)$ Purchasing a new drilling machine because of becoming scrap of older one.