When analyzing a capital budgeting project, the analyst must include i

When analyzing a capital budgeting project, the analyst must include in his calculation all of the following except

A) all revenues and costs in terms of cash flows.
B) only those cash flows that will change if the proposal is accepted (i.e., incremental cash flows).
C) interest payments on debt financing connected with the project.
D) any effect (impact) the acceptance of the project under consideration will have on other projects now in operation.

ANSWER

C