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    Contemporary Financial Management Study Set 2
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    Exam 10: Capital Budgeting and Cash Flow Analysis
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    In Estimating the Net Investment, an Outlay That Has Already
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In Estimating the Net Investment, an Outlay That Has Already

Question 20

Question 20

Multiple Choice

In estimating the net investment, an outlay that has already been made is known as a(n) ____.


A) sunk cost
B) cash outflow
C) opportunity cost
D) expansion cost

Correct Answer:

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