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Suppose Porsche AG is considering 3 different locations for its new assembly plant. If its decision is solely based on cost, which country should it choose? Use the conversion rate given in Table 1 below and show your calculation.
Table 1
Country
Investment Cost
Conversion rate
Poland
PLN zt49 million
PLN zt1 = EUR0.22
China
CNY83 million
CNY1 = MYR 0.63
Malaysia
MYR68 million
EUR1 = MYR4.89
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