You are still Andy Chin. Prepare the second part of the report due at 7 a.m. tomorrow to the new CEO of Star River Electronics, Ltd., Adeline Koh. This second part should recommend under what conditions the firm should invest in the new packaging equipment now or three years from now, based on the information provided by Esmond Lim in Exhibit 4. Write a three to four page memo (plus exhibits) detailing the cash flow analysis, capital budgeting process and underlying assumptions that support your recommendations to Ms. Koh.

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