Assess the financial feasibility of Company Z's expansion into new markets using process costing, adhering to the Consistency Principle.

Requirements:

1. Calculate the fixed costs associated with Company Z's market entry strategies in Asia-Pacific, estimated at $20,000,000.
2. Determine the variable costs per market entry initiative using process costing methods.
3. Estimate the total cost per market expansion project and assess profitability over a 7-year period.
4. Maintain consistency in cost allocation and financial reporting practices.
5. Recommend strategies to optimize market penetration and revenue growth while adhering to the Consistency Principle.

Investment Project	Initial Investment ($)	Annual Cash Flows ($)	Project Life (years)
Asia-Pacific Expansion	$25,000,000	$4,500,000	7
Europe Expansion	$22,000,000	$4,000,000	6