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Take Test: Click here to take Midterm 1 16-FA-FINA-... Harrison Equipment of Denver, Colorado purchases all of its hydraulic tubing from manufacturers in mainland China.
Take Test: Click here to take Midterm 1 16-FA-FINA-...
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Harrison Equipment of Denver, Colorado purchases all of its hydraulic tubing from manufacturers in mainland China. The total hydraulic system costs $800,000. The company is now worried that all of the hydraulic tubing that goes into the systems (making up 30% of their total costs) will be hit by the potential 20% revaluation of the Chinese yuan. The current exchange rate is yuan8.68/$. How much does the hydraulic tubing cost in yuan at the current exchange rate?
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
