Sunk costs should not be included in the analysis, because they have already been spent and nothing that is done in the future can affect them. Project related changes in net working capital should be included in the analysis, because they will make a difference in cash flow. Estimated impacts of inflation should be included in the analysis, because they will make a difference in cash flow. Sunk costs should not be included in the analysis, because they have already been spent and nothing that is done in the future can affect them. Project related changes in net working capital should be included in the analysis, because they will make a difference in cash flow. Estimated impacts of inflation should be included in the analysis, because they will make a difference in cash flow. Estimated impacts of inflation should be included in the analysis, because they will make a difference in cash flow. Project related changes in net working capital should be included in the analysis, because they will make a difference in cash flow. Estimated impacts of inflation should be included in the analysis, because they will make a difference in cash flow.
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