Cybertrex, a manufacturing facility, rented a new piece of equipment on january 1st and agreed to pay an annual rental fee of $18,000 at the end of each of the next 10 years. the weighted average cost of capital of the company is 8%. the present value of $1 for 10 years at 8% is 0.46319 the present value of an ordinary annuity of $1 for 10 years at 8% is 6.71008 what is the present value of the rental payments over 10 years?
1) $180,000
2) $55,945
3) $8,337
4) $120,781

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position