This Question: 8 pts 4of4(4complete) This Quiz: 30 pts possible Lux Expo (B). Lux Expo is a British manufacturer of luxury cars that exports its luxury sports cars to several Chinese car dealers. The annual sales volume is 47,000 units at the yuan (CNY) equivalent of GBP 90,100 each. The Chinese yuan (renminbi) has been trading at CNY9.00GBP, but a reliable financial forecasting firm predicts that the value of the renminbi will depreciate by next week to CNY10.00/GBP, after which it will stabilize for a few years. Assume that the pound costs ill not change. Suppose that the financial management believes that the sales volume will increase at 20% per annum for eght years R keeps e sane yan sais pnoa the end of 10 years, Lux Expo will not be able to export to China due to expected trade barriers. After the yuan is devalued to CNY10.00VGBP, no further devaluationssee are expected. I Lux p raises the yuan price so as to maintain its GBP price ho volume will increase at only 4% per annum reght years, start ng fo e er initial base of 47,000 units (GBP costs will not change), and at the end of eight yoars Lux Expo will stop exporting to China. Lux Expo's weighted average cost of capital is 16%. Under these conditions, what do you think Lux Expo's pricing policy should be? see se Alternative 1: Keep Same Chinese Sales Pri e NOTE: use the volume p ections given in the flowing table (Round the nearest tege Gross Margin (GBP)(GBP)Factor PV Margin (GBF) Revenue Costs PV see sco Year Volume (GBP) 47,000 2 56,400 67,6801 81,216 97.459 0.862068966 0.743162901 640857674 0.552291098 0.476113015 0410442255 0 36382053 6 116,951L 140,341 Enter any number in the edit fields and then continue to the next question. MacBoo k Pro