Beckingham sports is an american sporting goods company. based on a $400,000 market study and a $600,000 feasibility opinion concluded last year, beckingham believe it can increase its annual operating cash flow by $3,000,000 by opening new overseas locations. in preparation for the expansion, the firm spent $2,000,000 to purchase land for a new factory. however, they just received an offer of $3,000,000 for the land purchased for the new factory. beckingham is now ready to make a final decision on the international expansion. of the outlays mentioned, which are relevant for capital budgeting purposes?
$400,000 for the market study
$600,000 for the consulting
$2,000,000 to purchase the new land
$3,000,000 of the offer price of the land.
none of the above