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8. (10%) Your firm has gained exclusive manufacturing rights for barkelgassers (BGs) in North America as a result of acquiring a significant patent. An immediate capital expenditure of $25 million will be required to construct production facilities for 200,000 BGs annually. The projected cost of production is $65 per BG. Until the patent expires in five years, the BG marketing manager is certain that all 200,000 units may be sold for $100 each (in real terms). After that, the marketing manager is clueless about the selling price. What is the NPV of the BG project? Assume the real cost of capital is 9%. To keep things simple, also make the following assumptions: The technology for making BGs will not change. Capital and production costs will stay the same in real terms. - Competitors know the technology and can enter as soon as the patent expires, that is, they can construct new plants in year 5 and start selling BGs in year 6. If your company invests immediately, full production begins after 12 months, that is, in year 1. There are no taxes. BG production facilities last 12 years. They have no salvage value at the end of their useful life.

(b) \((10\%)\) Now suppose you can costlessly shut down the mine in years of low silver prices. What happens to the average cash flow from the mine?

7. At a variable cost of $32 per ounce, 10,000 ounces of silver may be extracted from a silver mine. Regardless of whether the mine is open or closed, the annual fixed expenses of ownership are $40,000. Silver may sell for $48 an ounce in half of the years, while it can only sell for $24 in the other years. Ignore taxes. (a) \((5\%)\) What is the average cash flow you will receive from the mine if it is always kept in operation and the silver always is sold in the year it is mined?

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46. 住在安養院的失智老人抱怨錢不見了,下列何者為適當的處理? (A)告訴他這裡不會丟錢 (B)指責他有病 (C)一齊尋找並轉移話題 (D)不要理會他 。

47. 有關溝通的內容,下列何者不適當? (A)以被照顧者的健康照顧需要為主(B)一次教導多項的知識 (C)重覆敘述重要的訊息 (D)不要只說被照顧者失敗的事 。

48. 因照顧案主而有挫折感、憂鬱感,是屬於下列何種負荷? (A)社會羞恥負荷(B)負向情緒負荷 (C)病患依賴負荷 (D)人際關係負荷 。

30 某空間採用全區放射方式之第一種乾粉滅火設備(主成份為碳酸氫鈉)進行防護,則每立方公尺防護區域所需滅火藥劑量為多少 kg/m3?(A) 0.24 (B) 0.36 (C) 0.60 (D) 0.82

10 近年來常有大陸漁船越界捕撈,依據臺灣地區與大陸地區人民關係條例規定,大陸船舶未經許可進入臺灣地區限制或禁止水域,何者非主管機關得為之處置? (A)逕行驅離 (B)扣留其船舶、物品,留置其人員 (C)扣留之船舶、物品雖未涉及違法情事,仍得沒入 (D)留置之人員經調查後移送有關機關依法收容遣返或強制其出境

11 依據臺灣地區與大陸地區人民關係條例規定,大陸地區人民經許可進入臺灣地區設有戶籍者,得依法令規定擔任不受在臺灣地區設有戶籍滿 10 年限制之職務,不包括下列那一項職務? (A)大學教職 (B)學術研究機構研究人員 (C)社會教育機構專業人員 (D)公營事業機關(構)人員