We teach capital budgeting emphasizing the need to include all relevant costs. We have traditionally focused on the revenues generated, the costs of production associated with those revenues, the existing cash flows that are impacted by the proposed expenditure $($i$.$e$.,$ cannibalization and synergies$),$ etc. The things that were discussed in the presentation. However, there are other "costs" that occur as a result of projects that should be included but typically are not. If we are truly$$ considering "all relevant cash flows" to truly assess the cost and profitability of an expenditure, we need to try to identify all of those costs.

In your group discuss costs that are$/$can be overlooked in the capital budgeting analysis and create a list of costs that should be considered but frequently are not.$($Hint: do not include in your list any of the costs mentioned in the presentations.$)$