Which of the Following Would Be Considered Relevant Cash Flows

Which of the following would be considered relevant cash flows in a capital budgeting evaluation?

A) I, II, and III.
B) I, II, and IV.
C) I, III, and IV.
D) I, II, III, and IV.
I.Increased after-tax income.
II.Tax savings due to increased depreciation expense.
III.Increased expenditures on inventory for the new project.
IV.Benefits that accrue to the local community.