Use the following to answer question: 
-(Table: Costs of Birthday Cakes) Use Table: Costs of Birthday Cakes.Assume that fixed costs are $10.What is the average variable cost of 4 cakes?
Definitions:
Discount Rate
The discount rate is the interest rate used in discounted cash flow analysis to determine the present value of future cash flows.
Present Value
The current worth of a future sum of money or stream of cash flows, given a specified rate of return.
Consideration Transferred
The total payment made by an acquirer to obtain control of an acquiree, which can include cash, assets, or other forms of payment.
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