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Relevant cash flow

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When evaluating whether to proceed with a project, the firm should consider all of the following factors EXCEPT which one? (i.e., Which is a "not relevant" versus " relevant" cash flow?)
a. changes in working capital attributable to the project
b. sunk costs already incurred
c. the current market value of any equipment to be sold and replaced
d. the resulting difference in depreciation if the project involves a replacement decision
e. all of the above should be considered.

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The response discusses the relevant cash flow

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When evaluating whether to proceed with a project, the firm should consider all of the following factors EXCEPT which one? (i.e., Which is a "not relevant" versus " relevant" cash flow?)
As per the ...

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