Adopted for budgeting and financial management

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A project has an actual first unit cost of $72.8 million. Four additional and similar units are to be financed by bank loans and constructed in sequential fashion. The bankers are anxious that a learning model be adopted for budgeting and financial management. Based on other related experiences, the bankers insist that costs follow the 93.7% learning model.

Reference no: EM13961290

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