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Question 5 The future value of the baht is highly uncertain. Under a worst-case scenario, the baht may depreciate by as much as 5 percent
Question 5 The future value of the baht is highly uncertain. Under a worst-case scenario, the baht may depreciate by as much as 5 percent annually. Revise your spreadsheet to illustrate how this would aect Blades' decision to establish a subsidiary in Thailand. (Use the capital budgeting analysis you have identied as the most favourable from questions 2 and 3 to answer this question.)
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