Question: Greg earns $100,000 as an engineer, and he is considering quitting his job and going to graduate school. This $100,000 should be treated as a

Greg earns $100,000 as an engineer, and he is considering quitting his job and going to graduate school. This $100,000 should be treated as a ____ if Greg runs an NPV analysis of his graduate degree.

		sunk cost
		opportunity cost
		fixed cost
		cannibalization cost

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