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An electric vehicle company is debating whether to replace its original model, Model X , with a new model, Model Y , which would appeal

An electric vehicle company is debating whether to replace its original model, Model X, with a new model, Model Y, which would appeal to a younger audience. Whatever vehicle is chosen, it will be produced for the next four years, after which time a reevaluation will be necessary. Develop a four-year Monte Carlo simulation model using 50 trials to recommend the best decision using a net present value discount rate of 3%.

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