The current state of existing assets and their productivity and contribution to profits and or cash flow.

Continued utility, Depreciation policy, company mission, Cost benefit analysis.

Efficacy after refurbishing, Opportunity cost, Ratio of cost of refurbishing to replacement, Available assets. Cost per unit of production of replacement vs refurbish. Cost of set up maintenance and downtime of replaced vs refurbished. Efficiency of both, present value of investment required.

Competitors Assets, Market forecast, Tax structure, Level of technology, Knowledge and wage rate of staff required. Integration of newtechnology to existing systems.

Legal, trade and cultural barriers.

Anticipated cash flows and profits comparison.

Risk vs Reward experience. Cost of capital.

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