Question: How does the value of the land enter the timeline? (Want more practice? Find the NPV and IRR of this project.) Group of answer choices the $35,000 cost increases the total cost at time zero. the $35,000 past cost and the $40,000 value today are sunk costs that are ignored. The $45,000 value in year 5 is an opportunity cost that reduces the year 5 operating cash flow. the $35,000 cost increases the total cost at time zero, the $40,000 value today is an opportunity cost that reduces incremental cash flow at time zero, and $45,000 value in year 5 is an opportunity cost that reduces cash flow at year 5. the $40,000 value today is an opportunity cost that reduces incremental cash flow at time zero, and the $45,000 value in year 5 is added to the year 5 operating cash flow.