Q 1. For the case of an electric car project, the following costs should be treated as incremental costs when deciding whether to go ahead with the project except 2. Costs incurred as a result of past irrevocable decisions and irrelevant to future decisions are called 3. For the case of an electric car project, which of the following costs or cash flows should be categorized as incremental when analyzing whether to invest in the project? 4. A firm has a general-purpose machine, which has a book value of $300,000 and is worth $500,000 in the market. If the tax rate is 21%, what is the after-tax cash flow from selling this machine?

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