A firm has contracted to supply 500000 gallons of propane, Finance Basics

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A firm has contracted to supply 500000 gallons of propane

Question: A firm has contracted to supply 500,000 gallons of propane fuel for $1.46 million to the local municipality. The municipality wants to break the contract. What does the minimum current market price of propane need to be in order for the firm to benefit from breaking the contract?

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Finance Basics: A firm has contracted to supply 500000 gallons of propane

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Finance Basics: A firm has contracted to supply 500000 gallons of propane

Reference No:- TGS02769741

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