Question: This leads to two questions for you to answer. determine if we should expect the integrated steelmakers to modemize mills that are currently unmodernized. Why

This leads to two questions for you to answer. determine if we should expect the integrated steelmakers to modemize mills that are currently unmodernized. Why or why not? Assume they follow traditional invesenent criterion (NPV or IRR) sather than Nucor's ROA. b. Given your answer to the previous question, how concemed should Nucor be about competing against integrated steelmakers with modemized mills when it opens its first thin-slab technology mill, if it does so? Please observe the following assumptions and conventions. - Don't change any of the figares I have input. - Use 6.45% as the growth nate for the price of steel, not the historical 6.84% - Assume the entire construction cost of modemizing a mill is incurred in 1986 - Depreciate the modemization evenly over 25 years, starting when it comes online in 1987. Assume the unmodemized plant has already been fully depreciated
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