(Answered) Suppose you hire an ecologist for a fixed fee of 25000 to

Finance

Suppose you hire an ecologist for a fixed fee of $25,000 to explore the plant site you intend to use for a project. If the ecologist finds an endangered species on the proposed plant site, you will decide to cancel the project. On the other hand, if no endangered species is found on the site, you intend to submit the project to the executive capital budgeting committee. Should the $25,000 fee be counted as part of the project costs?

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