A project with the initial investment of Kshs. 5 million has the following details: Year 1 2 3 4 5 Sales (units) 20,000 15,000 25,000 30,000 28,000 The selling price per unit is Kshs. 25 while the variable cost per unit is Kshs. Depreciation is provided on Assume that a car loses 10% of the value it had at the beginning of the year. Find its value at the end of 4 years if its initial value was 30,000.

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Value at the beginning of year 4 30000 3... View the full answer