What the World Needs to Know

Posted: August 27th, 2021

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What the World Needs to Know

1. Description of the Project

The project that the world needs to know is the Electric Motorbike. This project is targeting to contribute to the reduction of carbon gas emissions in the atmosphere through the project. The is to construct a zero-emissions motorcycle with the capability of transporting commuters to moderate distances. Zero emissions imply that the vehicle will not emit any harmful compounds in the environment. The project is informed by the need to combat increasing pollution of air and the buildup of greenhouse gas. These effluents are major factors that continue to influence climate change and global warming. Thus, any efforts to reduce vehicle emissions is a great step towards achieving sustainable transportation.

 However, it is not an easy task to reduce vehicle emissions. Currently, roads are filled with many cars that move every day. Besides, manufacturing catalytic converters is expensive and unsustainable as they do not completely provide a solution to the emission problem. Hence, investment in new energy sources and vehicle technologies is the best solution to the current transportation problem. Thus, the world must understand that Myriad Company has the opportunity to contribute to achieving this goal through electric motorbikes. The project requires a comprehensive plan to be executed. Thus, the company will be beginning the basic structure of commuter motorbike as part of a drive for future sustainable transportation.

Myriad Company is a profit-oriented organization to utilizes its resources for maximum profits. Therefore, the electric motors project is intended to add to its stock of new motor products already in the market. Hence, this report also lists the initial costs of constructing an electric motorbike and other initial outflows, cash inflows that identify expected selling prices and units that the company anticipates selling. Finally, the report lists the cash outflows with the number of units sold and the capital budget for a portion of the project. The current tax rate is 21% and the cost of capital of 4%. These details are provided in the subsequent sections.

1. Initial Costs and Other Initial Outflows

Table 1 below illustrates the initial costs and other initial outflows for the project;

The costs described in Table 1 represent initial production costs per unit. The company projects 5,000 units in the first production beginning April 1^st, 2021.

• Cash Flows

Myriad Company Projected Cash In-flow Statement

For FYI Ending 31/12/21

All Figures in US $

The company projects a cash flow of $32,500 for the first production of 5,000 units.

• Cash Out Flow Statement

• Capital Budget