单选题 Which of the following is irrelevant in determining project cash flow for a capital investment?

A、

A. Sunk costs.
B、

B. Tax impacts.
C、

C. Opportunity costs.

【正确答案】 A

【答案解析】Sunk costs are not to be included in investment analysis. Opportunity costs, changes in net working capital, and the project's impact on taxes are all relevant variables in determining project cash flow for a capital investment.