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Hello and good evening, I hope someone can help me answer this question. Thank you in advance. The initial cost of battery production for TESLA
Hello and good evening, I hope someone can help me answer this question. Thank you in advance.
The initial cost of battery production for TESLA is $7000. The rate of decrease is 10% per year after first year due to technology advancement and the interest rate is 12% per year. The battery is expected to last for 11 years. 1. Draw the cash flow diagram 2. Calculate present equivalent value 3. What is the annual equivalent value of the battery productionStep by Step Solution
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Authors: Michael J. Harrison
1st Edition
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