Which of the Following Statements Correctly Relates to Project Appraisal

Which of the following statements correctly relates to project appraisal?

A) The effect of a new project on other parts of a business is irrelevant when trying to decide whether to go ahead with the new project.
B) Changes in working capital as a result of implementing a project should be included in the project appraisal.
C) Depreciation is a legitimate cost of a project and should be included in a project appraisal.
D) The costs of surveys and feasibility studies incurred prior to the decision to implement a project should be included in the project appraisal, as they are a cost of the project.