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You were recently hired as a consultant for a mid - sized manufacturing company that makes components for new EV vehicles. You are attending your
You were recently hired as a consultant for a midsized manufacturing company that makes components for new EV vehicles. You are attending your first board meeting with the CEO & board of directors, in which there is a investment in a new project being considered. This investment in a new finishing machine will cost nearly $ million dollars. The CEO, to your surprise, explains to the board that as long as the investment in the machine returns a rate above then it comes be worthwhile. Explain why the CEO is incorrect.
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