Question: When evaluating a new project, firms should include in the projected cash flows all of the following, EXCEPT: Group of answer choices Previous expenditures associated

When evaluating a new project, firms should include in the projected cash flows all of the following, EXCEPT:

Group of answer choices

Previous expenditures associated with a market test to determine the feasibility of the project provided those costs have been expensed for tax purposes.

Changes in net operating working capital attributable to the project.

The value of a building owned by the firm that will be used for this project.

The value of a building owned by the firm that will be used for this project.

The salvage value of assets used for the project at the end of the projects life

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