Question
Suppose the current market price of corn is$ 3.68$3.68 per bushel. Your firm has a technology that can convert 1 bushel of corn to 3
Suppose the current market price of corn is$ 3.68$3.68 per bushel. Your firm has a technology that can convert 1 bushel of corn to 3 gallons of ethanol. If the cost of conversion is $ 1.51per bushel, at what market price of ethanol does conversion become attractive?The price at which the conversion becomes attractive is __________per gallon.
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor L Bernard
3rd Edition
0324118945, 9780324118940
