Question: Ontario Bikes is thinking of developing a new e - bike that would be adapted to the Canadian winters. Developing the new bike will cost
Ontario Bikes is thinking of developing a new ebike that would be adapted to the Canadian winters. Developing the new bike will cost $ million dollars and Ontario Bikes thinks that the new product will have a product life cycle of years ie sales of the ebike will cease after seven years Assume that the cost of capital is and that each bike can be sold for a $ profit. How many bikes must be sold per year for this project to breakeven? Round your answer to next highest integer eg if your answer is then choose
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