Your company manufactures sports equipment. You are considering replacing a brand of golf clubs with a new line of golf clubs. which of the following is not considered to be an incremental cash flow in your capitol budgeting analysis?
a) A reduction in revenue of $300,000 from terminating the old product line.
b) Land that you own with a market value of $125,000 that might be used for the new product.
c) $200,000 spent last year on research and development.
d) $350,000 you will pay to Tiger Woods for promoting the new golf clubs