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6 . ( 3 points ) Suppose Apple is considering expanding its product line to include the new electric car, iCar. The decision to expand
points Suppose Apple is considering expanding its product line to include the new electric car, iCar. The decision to expand will require $ to build new plants, sales centers, and a nationwide sales team. The company estimates it will generate $ in sales in the first years, followed by sales of $ for the next years, and $ for years after that. However, during each year operating costs will be of sales. In addition, every years the firm will need to spend $ to update its facilities. If the firms required rate
of return is Compute the NPV of the project. Show your work. Round to the nearest $
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