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Blue Bird Inc., a US-based MNC, was considering a subsidiary in Brazil. It completed its capital budgeting analysis in June. Then, in August, the government

Blue Bird Inc., a US-based MNC, was considering a subsidiary in Brazil. It completed its capital budgeting analysis in June. Then, in August, the government leadership destabilized and political conditions declined in Brazil. Should the discount rate on the project be adjusted by the changes in political conditions

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