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Shields Corporation is considering an investment in a new project that will cost $25,000. This...

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Question

Accounting

Shields Corporation is considering an investment in a new project that will cost $25,000. This project would result in increased annual revenues of $8,000 for each of the next 5 years. The $25,000 cost is an example of a(n):

Group of answer choices

Opportunity cost

Incremental cost

Fixed cost

Sunk cost

Answer & Explanation Solved by verified expert
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